Competition is both wasteful and efficient. Lots of ideas die, but the new ones that emerge more than make up for the loss. Central planning may restrict competitive ideas, but rarely leads to the emergence of great ideas because central planning is reacting to problems and needs that become obsolete before the ink is dry on the plan.
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from National Review, Who Will Protect Americans from the Protectionists? by George Will Today’s Republican administration promises protection against the destruction of American jobs by the Chinese, Mexicans, and other foreigners. The really prolific destroyers are: Americans. As Reason’s John Tamny says,
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What amazes me in reading twentieth century history is how much incredible progress we made in spite of two horrific wars, massive failures of authoritarian utopian schemes, several major economic collapses, and the rise of tribal violence. Perhaps the difference
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from Hillary’s ‘Progressive’ Demise in The American Spectator by Ross Kaminsky excerpt: Mrs. Clinton has yet to propose a truly new idea. Each of her few policy positions are regurgitations of populist pabulum that offer nothing innovative, nothing for Americans
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Uber reduces DUIs, traffic fatalities, and accidents. The drivers are safer because it is cashless and the entire trip is tracked online. And they carry more insurance than the cabs. They are more available and better serve their customers. By
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From Cafe Hayek, Uber vs Piketty by Don Boudreaux: Thomas Piketty famously argues that owners of capital grab ever-larger shares of wealth, and that the single best ‘solution’ to this alleged problem is a global tax on wealth and high
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Glenn Harland Reynolds wrtites Politicos put past before progress in The USA Today: excerpts: Cynical or not, these statements accurately describe why economic progress is so much harder today than it once was. But why is it so much harder? And
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from Uber Crashes the Democratic Party by William McGurn in The Wall Street Journal (gated): Marco Rubio, who last year sided with Uber over regulators in Miami, accused Mrs. Clinton of trying to “regulate 21st-century industries with 20th-century ideas.” Jeb Bush pointedly traveled
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Charles Cooke from National Review, Hillary Clinton’s Uber Speech Belongs in 1930s America: Economically, the Clinton-Sanders-Warren-O’Malley project is stuck squarely in 1938. Theirs is a country in which tax rates can be set without reference to global competition; in which
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From Maureen Dowd in the New York Times, Driving Uber Mad As The Wall Street Journal recently reported, “There’s an Uber for everything now. Washio is for having someone do your laundry, Sprig and SpoonRocket cook your dinner and Shyp will
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How Uber’s Autonomous Cars Will Destroy 10 Million Jobs And Reshape The Economy by 2025 excerpts: Industry experts think that consumers will be slow to purchase autonomous cars – while this may be true, it is a mistake to assume
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From the Washington Post The future of new business is disrupting old business by Barry Ritholtz excerpts: There are many lessons to be learned from Uber, the taxi- and car-hailing start-up that came out of nowhere and is valued at
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In LA Weekly Dennis Romero writes IS UBER REDUCING DUIS IN L.A? In a vast, 4,000-square-mile county, it’s hard for many folks to get around without a car. And that has meant that DUIs have become a much-feared epidemic. But
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from Bloomberg, Is Uber Democratic or Republican? by Emily Greenhouse notes that Marco Rubio noted the impact that Uber has on the youth’s perception of regulation. The students in my class were genuinely intrigued by this innovative service and wondered
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In a few previous posts I explored the dynamic of new commercial enterprises like Uber (read Uber Libertarians in American Thinker) that defied the ability of the regulatory state to deal with the rapid development of very large commercial communities.
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Apparently there is a problem in Las Vegas with cabbies intentionally taking long routes in order to overcharge. This article explains the various Rube Goldberg schemes the government has regulated to try and control this practice. As you would expect,
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From Today’s American Thinker, my article Uber Libertarians Excerpt: There are similar commercial communities among iPhone users, Amazon customers, and other enterprises. Such modern businesses scale up remarkably fast, creating huge commercial communities, quickly threatening the regulatory agencies, and empowering
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I flew into Houston Hobby Airport a few days ago, touched the Uber App (i had set up some time ago). I put in the destination and It said there was a ride two minutes away. I learned that even
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The government’s protection of the entrenched is most noted by local efforts to ban Uber and the Tesla distribution model. Of course, like most protectionist legislation, the stated objective is to protect the public, but the end game is to
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