It seems that everybody here is on the same page with Milton Friedman who back in 1962 in his book, Capitalism and Freedom, among other things, attacked the institution of taxi medallions as an an example of unjustified government-created monopoly.
Jim Farmelant http://independent.academia.edu/JimFarmelant http://www.foxymath.com Learn or Review Basic Math
---------- Original Message ---------- From: Shane Mage <shmage at pipeline.com> To: lbo-talk <lbo-talk at lbo-talk.org> Cc: Progressive Economics <pen-l at lists.csuchico.edu> Subject: [lbo-talk] Kill The Medallions Date: Wed, 20 May 2015 14:27:47 -0400
There's been a lot of criticism of Uber and Lyft, many, I'm sure, based on real incidents. But them's the trees. The forest--which needs to be burned down completely--is the monopolization of urban vehicular transport services through restricted licensing and the sale of permits for participation in that monopolistic capitalist enterprise. License drivers, sure--for public safety only--provided that the license is for an individual driveronly,. is free of charge, and is available to everyone who qualifies as a competent and responsible driver (which would surely lead to the formation of drivers' cooperatives easily able to outcompete the Ubers and Lyfts).
http://www.usatoday.com/story/news/2015/05/17/taxi-medallion-values-decline-uber-rideshare/27314735/ ___________________________________ http://mailman.lbo-talk.org/mailman/listinfo/lbo-talk
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