Just basic economics restrict the supply and the price goes up (Big Business) take away restrictions and the price goes down. We are talking here about laws that make barriers to entry.
What Liberals Don’t Get: Blacks Often Hurt by Government Regulation
Walter E. Williams
September, 2016
The St. Louis Metropolitan Taxicab Commission’s call to issue a temporary restraining order that would force Uber to shut down would negatively impact nearly 2,000 African-Americans, NAACP’s Adolphus Pruitt says.
Walter E. Williams is a professor of economics at George Mason University.
A general economic principle is that any law or regulation that restricts market entry tends to impose the greatest burden on those who can be described as poor, latecomers, discriminated against, and politically weak.
The president of the NAACP’s St. Louis chapter, Adolphus Pruitt, has petitioned a circuit court judge to reject the St. Louis Metropolitan Taxicab Commission’s conspiratorial call to issue a temporary restraining order that would force Uber to shut down. He says the order would negatively impact nearly 2,000 African-Americans who work as Uber partners in black neighborhoods that have…
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