[lbo-talk] Kill The Medallions

[Michael Smith]

The monopoly is one thing, the medallion system is another. Personally I 
have no problem with the monopoly, or fixed pricing, though I don't feel 
particularly dogmatic about it. But the medallion system creates a new 
kind of property which can be speculated in and on which a rent can be 
collected. Who needs that?

On 5/20/15 9:05 PM, Jim Farmelant wrote:
>
>
> 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/
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-- 

A conquering race, in the place of that conquest,
is rarely amiable; the conquerors pay less
obviously than the conquered, but perhaps in time
they pay even more heavily, in the loss of the
humane qualities.