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Do you think voters like the taxi cartel? Do you think they like regulatory capture? It's the classic case of dispersed costs and concentrated benefits. The
by dantheman 8y ago
Do you think voters like the taxi cartel? Do you think they like regulatory capture?
It's the classic case of dispersed costs and concentrated benefits. The taxi companies push for legislation to increase their power because it makes them rich, to the average citizen the costs (time, effort, money) to fight taxis aren't worth it.
This is why markets are great - they allow consumers to vote with their dollars. I don't know anyone who would choses a taxi over uber/lyft.
- toomuchtodo 8y agoI think voters don’t like taxi cartels or abusive tech companies. Regulated markets are great. Unregulated markets are a terrible thing, and what Uber and Lyft are shooting for.