Monday, October 5, 2015

Khaw Boon Wan vs UberX

Reference: Brace yourself, UberX. Transport Minister Khaw Boon Wan is coming for you

I seriously do not understand what is meant by "leveling the playing field".

This is competition. Competition helps lowers the price of taxi fare which is too bad for the taxi drivers of course. Competition also improves the service by getting more cars out to work as transport vehicles. It benefits more passengers than taxi drivers.

So how does "leveling the playing field" generate positive utility for the economy, or even benefit passengers?

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