The free market strikes again
It's already working. And not just
for Uber and all those folks in cities like Little Rock who are delighted to
have a new, more economical and convenient way to get around town. But also for
the city's long established cab franchise and its drivers. That's because
Little Rock's city directors are now letting those drivers negotiate lower
fares with their passengers in order to meet Uber's rates. This new arrangement
works to everybody's benefit: that of the drivers, the passengers, and the
local economy in general. For it allows more people to enjoy more disposable
income rather than have it eaten up by a local monopoly or forgo transportation
to schools, jobs and shopping altogether. They'll now have more money to spend
(or invest) however they want. Ain't freedom wonderful? And good for business,
too. This is called competition--and it still works. Folks, you ain't seen
nothin' yet. Little Rock's yellow cabs are now promoting an app of their own to
compete with Uber's. It's called Taxi Hall and can be downloaded at
yellowcablr.com . Try it, you'll like it if you like Uber, too. Ain't
competition grand? Maybe it's time for local government to give it more of
chance, for it benefits all. Here endeth today's lesson in Economics 101. The
take-away: Give people more choices, and greater freedom to buy and sell as
they like, and everybody thrives. That's the moral of this story. What a pity
so many still ignore it, especially in the vicinity of Washington, D.C., where
too many politicians and policymakers still seem too intent on taxing, spending
and regulating the American economy to death. Or at least into a state of
suspended animation à la the Carter Years--instead of reviving an economy
that's been sputtering long enough.
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