Lovers of the State Really Hate Uber
The regulation by the state of the streets of London goes back to 1635. It began under King Charles I, who was a full-time tyrant, and whose life ended on the scaffold in 1649. Charles decided that the streets were too crowded in London, and what the city needed was government control over the number of taxis. This tradition extends to today. In major cities, the government regulates the supply of taxis, and the result has been higher prices and rotten service. Regulation has created an oligopoly of taxi companies, which use state power to extract greater wealth from people … Continue reading →