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I am. Regulation forces barrier of entry to the market higher than it would be naturally, and the specifics of the regulation is largely influenced by the curre
by thecopy 11y ago
I am. Regulation forces barrier of entry to the market higher than it would be naturally, and the specifics of the regulation is largely influenced by the current big players already in the market. This means less competition, higher prices and lower quality.
Exactly what the regulated taxi-business has lead to: The current taxi drivers does not have to care about keeping their taxi clean etc.. they don't have any competition anyway who can take their customers away - well until a number of free-market entrepreneurs entered the space and ignored the regulations, and thus the quality, competition and transparency significantly increased while price decreased. And for the big corporations this was bad. But for the end consumer it was good.
- grillvogel 11y agoever heard of Ralph Nader?