Over the past few years, innovative new services such as Airbnb and Uber have sprung up across the nation, creating what’s been termed the “sharing” economy or “peer-to-peer” economy. These services have endured varying levels of resistance from local and state governments, as lawmakers have applied 19th- or 20th-century modes of regulatory theory to 21st-century technologies.
In this episode of the Budget & Tax News podcast, managing editor, Jesse Hathaway is joined by Heartland Institute policy advisor and Johnson & Wales University associate economics professor Adam C. Smith. Smith and Hathaway discuss Virginia’s recent legalization of sharing-economy transportation companies Lyft and Uber.
In a classic case of regulatory overreach, the California Public Utilities Commission has notified three ride-sharing companies — Lyft, Sidecar and Uber — that their respective experimental new features violate state laws regarding chartered transportation.
The Daily Record reports that the Maryland Public Service Commission ruled that Uber is a common carrier subject to its regulatory jurisdiction. The PSC stated: “[W]hen viewed in their totality, the undisputed facts and circumstances in this case make it clear that Uber is engaged in the public transportation of persons for hire. Thus, Uber is a common carrier and a public service company over whom the Commission has jurisdiction…”
Convenient transportation has become a staple in today’s society, however, convenience is no longer enough. People need to have access to a ride in real time. Every transportation service is coming up[…]
The state of Virginia has stepped up its attack on ride-sharing services Uber and Lyft. It’s just the latest example of crony capitalism and government favoritism toward the wealthy and powerful.
Over-regulation is rearing its ugly head in Chicago once again. New regulations that would push a popular new limousine and taxi service out of the Chicago market have been proposed[…]