Categories
free trade & free markets

Hardship

Regulation. It’s a tough job.

Just as regulators think they’ve got it figured out — i.e., this is what folks must do in such-and-such circumstance, and this is what they mustn’t do in such-and-such other circumstance — somebody invents something that makes things way too easy for buyer and seller alike . . . despite all the alternative-strangling regulations.

It’s so frustrating!

This can get out of hand pretty quickly when one industry (say, computer hardware and software and networking) is by historical quirk much freer than another industry (say, New York City taxicabs). You guessed it, this isn’t a hypothetical: A company called Uber has created a smartphone app that lets cabbies and customers find each other more easily. Now Uber is testing its service in New York City.

But — uh oh! — rotten Big Apple taxi regulations prohibit yellow cabs from pre-arranging rides, that is, by methods other than hailing a cab on the street. Cabbies may not use electronic devices, for example. And cabbies usually aren’t allowed to refuse a fare unless another passenger is already sitting pretty and watching the running meter.

Officials say they are “looking at” Uber’s app, and the New York Times reports that both sides are working to “resolve regulatory concerns.” Well, there are only three ways to resolve them:

  1. Prohibit Uber.
  2. Pretend that the regulations don’t mean what they say. Or
  3. get rid of the stupid regulations.

Solving regulatory problems is so hard!

This is Common Sense. I’m Paul Jacob.

Categories
insider corruption term limits

That Bloomin’ Blatherer Bloomberg

New York City Mayor Michael Bloomberg, once a man of the people, claimed his billions immunized him from the pitfalls of politics-as-usual. Who could bribe him, right?

But it seems power seduces even without payola.

New Yorkers passed a two-term limit on city officials. But Bloomberg wants another term, and couldn’t be bothered taking the question to voters yet again. So he convinced the city council to water down the law so both he and they could run for a third term.

So, why did Bloomberg overthrow the voters’ decision? Not because he’s seduced by power. No. Because he’s so darned indispensable. In an economic downturn, the city needs a financial wizard like him to steer things.

Except this is the same maestro who dug New York’s current financial hole. The city is looking at a $7 billion budget deficit in a couple years if nothing changes. And according to a new report by the Citizens Budget Commission, the average cost of city employees has increased 63 percent since 2000. Average pay has jumped from $52,000 a year to $69,000. Then you have benefits, which ballooned from $13,000 a year to a whopping $38,000 a year.

Bloomberg can’t say no to unions, so taxpayers suffer. He can’t say no to a power grab, so democracy suffers.

Gee whiz, who but Bloomberg could give us all this suffering?

This is Common Sense. I’m Paul Jacob.