Saturday, January 4, 2014

The anti-innovation, anti-competition war against Uber taxis: Parisian edition « Hot Air

The anti-innovation, anti-competition war against Uber taxis: Parisian edition « Hot Air: "It is apparently a secret only to the ruling Socialists that France’s high-tax, high-regulation, debt-burdened, labor-law heavy economic infrastructure is retarding the incentives that lead to creative destruction and economic growth, and much like in New York City and Washington, D.C., France allows plenty of recourse for entrenched special interests to rent-seek and use the bureaucracy to thwart their would-be competitors. Uber taxi and several similar French-based companies have lately been posing exactly such a free-market challenge to the established businesses there, who used their political clout to force through a rule that would actually force Uber drivers, et al, to wait a full and completely arbitrary fifteen minutes before picking up passengers who hail a car through their smartphone. Unbelievable."

'via Blog this'

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