Political hacks

posted by
May 31, 2011
by A. Barton Hinkle  
Posted in Commentary

"Suppose you’re the owner of a taxicab company in a largish metropolitan area. One day you notice some taxis tooling around town — and they’re not yours. They belong to an upstart competitor. His cars are newer, his drivers are nicer, and his fares are lower. Pretty soon your profits start shrinking. What are you going to do about it? You have a couple of choices. Option A: Invest a lot of money in new vehicles, customer-service training for your drivers, GPS systems to map faster routes and so on. A lot of expense. A lot of effort. So you go for Option B: Invest a little money in a few politicians, who adopt a medallion law: Only licensed operators with city-issued taxi medallions may operate cabs." (05/31/11)


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