Wednesday, 16 December 2015

Save the obsolete industries: Like taxis!

Bastiat comes to Sydney with a sharp, smart, focussed protest against their taxi industry’s call for protection against modern ridesharing technology like Uber . . .

Meanwhile, in New Zealand, “the Ministry of Transport proposals around Uber could have been worse…”

  • “We come to offer you a wonderful opportunity for your — what shall we call it? Your theory? … We are suffering from the ruinous competition of a rival who apparently works under conditions so far superior to our own for the production of light that he is flooding the domestic market with it at an incredibly low price; for the moment he appears, our sales cease, all the consumers turn to him, and a branch of industry is all at once reduced to complete stagnation.
    ”We ask you to be so good as to pass a law…”
    The Petition of the Candlemakers, 1845 – Frederic Bastiat, BASTIAT.ORG
  • “Change is painful, particularly when it is forced by disruptive competition… The problem the Luddites failed to recognise at the time is that the introduction of new technology is almost always irreversible, and that is as true now as it was in the industrial revolution.
    ”Yes the change can be painful, but fighting the inevitable only prolongs the suffering.”
    Uber-disruptive technology is irreversible – Jason Krupp, NOT PC
  • “I think we can find a better word for ‘competitors eating your lunch by providing better cheaper service’ than ‘disrupted.’”
    The Cost of Regulation – John Cochran, NOT PC
  • ‘In his day, Schumpeter witnessed the triumphs of radio, frozen food, the gas stove and the traffic light — all technologies we currently take for granted. But his observations of “how” these innovations come about remain as relevant today as ever.”
    Innovate or Die – Adisson Wiggin, NOT PC
  • “Ridesharing is accomplishing what decades of policy papers failed to achieve.”
    Uber’s Peaceful Revolution – Jeffrey Tucker, THE FREEMAN

1 comment:

  1. Priorities in Australia are a bit odd: protectionism for taxis, and higher prices for a service huge numbers of people use - but a ban on the sale of the Kidman Anna Creek Cattle Station to the Chinese, despite most Aussies being unable to correctly name which State it is in! and despite Australia desperately requiring foreign investment.

    NSW used to be the best place in the World to do business, now it is a joke and the State is basically stuffed.

    As Fred Dagg used to say - we don't know how lucky we are in this country.


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