Capitalism is just the aggregation of all these micro-transactions. Most of the time, intervening in this system means preventing win-win transactions between consenting adults.
Capitalism is just the aggregation of all these micro-transactions. Most of the time, intervening in this system means preventing win-win transactions between consenting adults.
The natural end state of capitalism is an efficient and aggressive monopoly or cartel. (Including a cartel with the government.)
How is lack of proper options freedom?
I have issues with both. It's obviously not a monopoly. Apart from Uber AND Lyft, you have regular taxi's, public transit, personal cars, bicycles and the ability to walk.
As for price dumping, again -- if rich VC's want to compete with each other to subsidize my rides and my drivers wages -- I'm not going to complain about it. Uber and Lyft are the epitome of options vs what was going on in the NYC taxi scene before them.
Those rich VCs get their money from somewhere. Usually us poor suckers who do not get paid the proper wage. Even a free taxi does not offset it.
Today, many people are proposing socialism/communism, which ironically is just a system where the state has a monopoly on almost everything and there is no anti-trust organization to break up that monopoly.
And War is Peace. Ignorance is Strength.