I had my first experience with the Uber ride-sharing concept recently in LA. Within five minutes of typing information into the app, the driver we chose using customer ratings to guide us pulled up in a Mercedes. For under $6, we got a safe, clean, quick ride across town.
It was a win for us, much better than any taxi experience I’ve had. It was a win for the driver.
So, why do governments need to insert themselves into this mutually beneficial transaction? My experience provides no good reason.
But cab companies love government efforts to shut Uber and Lyft down. It eliminates competition and protects their monopoly.
I can think of no clearer example of government interference in markets to the advantage of one group and the detriment of another.