by Liya Palagashvili
Earlier this summer, de Blasio attempted to cap the number of Uber and other ride-sharing drivers in New York City. Although he ended up dropping the proposal, the event itself serves as a wonderful pedagogical illustration of public choice insights. Here’s an excerpt from my op-ed on this:
What can we learn from this Uber fight and public choice economics? We need to have a more practical understanding of politics rather than indulging in a romantic notion that all policies intend to help residents or consumers. We often get bad policies because of self-interested exchanges between politicians and special interest groups. We shouldn’t fall head over heels every time politicians tell us they support a particular policy in order to “help the people.” Sometimes that’s just a façade for what is going on behind closed doors. So when politicians tell us they want to limit ride-sharing to “protect riders,” residents should take this public justification with caution and not immediately assume that they’re doing it out of the goodness of their hearts.
Read the full op-ed here.