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Regulating taxis is good. Not issuing new taxi medaillons, creating a lack of taxis in Paris and making taxi drivers slaves to taxi companies (like G7) who ren
by eloisant 11y ago
Regulating taxis is good.
Not issuing new taxi medaillons, creating a lack of taxis in Paris and making taxi drivers slaves to taxi companies (like G7) who rent them the medaillons (or slaves to banks when they have to pay back a huge loan to buy their own on the black market) is not.
It's not good for consumers, it's not good for taxi drivers, it's only good for monopolistic taxi companies. Yet the drivers don't understand that and think their enemy is Uber.
- Retric 11y agoThe public benefits somewhat from by reducing the amount of taxi on the street due to external factors (pollution, accidents, congestion etc). The problem, is taxi companies benefit by further constricting supply beyond that point and regulatory capture means incumbents have far to much say. IMO, rather than let some companies sidestep the market by pretending not to be taxi while acting like taxi the correct solution is to issue more Taxi Medallions.