Skip to comments.Balancing Ride-on-Demand Innovations with Common Sense Consumer Protections
Posted on 04/07/2014 1:58:58 PM PDT by ThethoughtsofGreg
We all can agree that overregulation of an industry tends to chill innovative business strategies and ultimately harm the consumers the regulations were intended to protect. However, in pursuit of free market solutions, policymakers must craft public policy approaches that not only allow free markets to flourish but also protect consumers.
State and local governments across the country are trying to find that balance as they explore regulations involving commercial ridesharing and ride-on-demand services, offered by transportation network companies (TNC) such as UberX, Lyft, and Sidecar.
As previously noted here, these new services have put a new hi-tech spin on getting people around town. The introduction of innovative services such as GPS tracking and wallet-less payments into the market has caused these companies to clash directly with the existing taxi cab industry in a debate over how these new services should be regulated.
(Excerpt) Read more at americanlegislator.org ...
Doesn't matter how many papers like this you write. Government is the greediest, most corrupt and murderous force on Earth, and it will always devolve to the lowest common denominator.
The phrase “Common Sense” is always a red flag.