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by definition, the city selling a fixed quantity of medallions is NOT capitalism at its finest. enabling an infinite number of providers to charge any price fo
by jtoeman 13y ago
by definition, the city selling a fixed quantity of medallions is NOT capitalism at its finest. enabling an infinite number of providers to charge any price for any service they want, then letting those with the best offering win, is capitalism at its finest. the moment the government gets involved in limiting distribution you veer away from open markets/capitalism.
not that i'm a huge fan of unfettered capitalism, but just clarifying...