As one studies market forces of competition, of consumer competing with consumer, which forces the price contrary to their 'best' interests is off-set by competition between suppliers, which ALSO pushes the price downward contrary to their 'best' interests... So, the government steps in and 'fixes' this (which the beneficent, all-knowing government planners deem to be
bad) by not allowing competing companies to voluntarily lower their prices. Amazing! Hubris and arrogance is right at home in ANY level of government.
TownCar.com owner Mike Porter near the Hawthorne Bridge in Portland, OR (2012 IJ.org)
A Groupon deal almost forced a couple of Portland, Ore., limousine companies to drive right out of business.
Read more: http://www.foxnews.com/us/2012/04/30/towncar-cabbies-file-suit-against-city-portland-after-being-forced-to-issue/#ixzz1uVKLJoyP
http://www.foxnews.com/us/2012/04/30/towncar-cabbies-file-suit-against-city-portland-after-being-forced-to-issue/
