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Location: Saskatchewan, Canada

Thursday, March 28, 2019

Supply management is doomed. Three cheers for Maxime Bernier.

 The Quebec CACK government, crazy in many ways ( its insane attitude to pipelines, or chickens or milk products, for instance, has seen the light on taxi deregulation).  Consumers have been held for ransom with unreasonable costs for taxi fares for many decades because of government-imposed supply-management rules to make taxi-operators and companies rich at consumers' expense.  Now that is changing.

Take this quote from the government: “This new (regulatory) flexibility will allow the laws of the market to open the way for new, more competitive, more focused business models better adapted to the diverse demands of consumers.”

What has been the reaction to taxi deregulation? The industry hates it. That should be an object lesson for anyone tempted to assume regulation and regulators always work in the public interest. Taxi regulation has mainly benefited taxi owners and drivers. That should read "always", not mainly.

Perhaps Maxime Bernier's influence will prevail, even if he is not victorious in electing his party members.

He is clearly a prophet, but not loved by the establishment.  What else is new over the past several thousand years?  At least he has not been crucified.

See this story:  https://business.financialpost.com/opinion/william-watson-quebec-takes-a-wrecking-ball-to-supply-management-in-the-taxi-industry-and-actually-gets-something-right

Let us hope that this is not just an abberation and that it continues to derail other supply-management screwing of the public.



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