You judgement is sufficient because you live in a world where taxi are regulated and as such any legitimate unregulated competition will strive to provide you the same guarantee you get with the regulated ones.
Now I'm not saying that the current regulation shouldn't get refreshed to consider what is currently available. But I'm amazed how people are just all or nothing about regulation.
You should want enough regulation so that a basic level of service is guaranteed. If that is not the case, it becomes too hard for customer to efficiently compare services. Like in this case, you should be able to compare taxi companies in less than a few minutes. If you need more than that, then chance are that you will stick with the reliable provider you know. Good competition happens when consumers are willing to try alternative.
Now I'm not saying that the current regulation shouldn't get refreshed to consider what is currently available. But I'm amazed how people are just all or nothing about regulation.
You should want enough regulation so that a basic level of service is guaranteed. If that is not the case, it becomes too hard for customer to efficiently compare services. Like in this case, you should be able to compare taxi companies in less than a few minutes. If you need more than that, then chance are that you will stick with the reliable provider you know. Good competition happens when consumers are willing to try alternative.