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Actually, exactly like NASA. Even SpaceX would already be victim to this pattern like Lockheed/Boeing if Elon Musk was not maniacally focused on his Get Your Ass To Mars project.
Money emerges organically as market participants converge on a commodity that is highly marketable, divisible, portable and durable. No need for a government there. For contract dispute resolution, common law emerges iteratively from case precedents and consensus among arbitrators, no need for a legislature. Central planning didn't work for the Soviets and roofing nails, and it's a testament to our resourcefulness that we still hobble by doing it for law and money and health care.
He would call the government and protesters "Sisyphists," since they apparently believe it is better that the consumer has to work harder to get a ride.
http://www.econlib.org/library...
The intent of the medallion system is irrelevant. What is relevant is the outcome it has produced. That outcome was evidently so bad at serving the consumer, that a firm can risk legal trouble and still make billions.
Americans seem to have a gigantic blind spot when it comes to government corruption. Sure, people tend to nod at generic whining about "corrupt politicians" but they are hopelessly incapable of spotting that corruption when it happens. They will blame non-government actors all day long for making and offering bribes. As for the politicians who habitually take bribes? Crickets.
It's the laws that are bullshit. Look at what kind of service Uber facilitates. How is it that only now anyone is introducing a reputation system to this industry? How is it that only now the barrier of entry to this industry is coming down? What exactly does a stringently controlled supply of government-licensed "taxi" drivers do for the consumer anyway?
Exactly. No one would think to lobby the government if the government were not so powerful and meddlesome. People work to persuade the bureaucracy because doing so has a huge ROI.
Uber is 1000 times better for transportation than the taxi cartel, and no thanks to government's relationship to this industry, lobbying aggressively is an act of self-defense. Instead of denigrating Uber for playing this game, blame the governments which have made this necessary, and blame yourselves for not voting the bastards out when they create cartels.
The story never ends. Innovators try to create something new and help their fellow human beings, then the state tries to stamp it out.
Fortunately, innovators move faster than government. In the long run humanity wins and bureaucracy loses.
seven of five writes: "Former Hewlett-Packard Co Chief Executive Carly Fiorina announced on Monday she is running for president, becoming the only woman in the pack of Republican candidates for the White House in 2016.
Once one of the most powerful women in the American corporate world, Fiorina announced her bid on ABC News' "Good Morning America" show.
"Yes, I am running for president. I think I'm the best person for the job because I understand how the economy actually works. I understand the world, who's in it, how the world works," she said.
Fiorina registers near the bottom of polls of the dozen or so Republican hopefuls and has never held public office.
But she has already attracted warm receptions at events in the early voting state of Iowa where she is positioning herself as a conservative, pro-business Republican highly critical of Democratic candidate Hillary Clinton.
Fiorina was forced by HP to resign in 2005 as the tech company struggled to digest Compaq after a $19 billion merger."
Cue all HP employees, current and former, who have nothing but love for Carly F.
