The real losers are not just the next generation of innovators but also customers who lose out on more ways of getting what they need or want.
Nick Gillespie
Time
3/20/2014
…in today’s sluggish economy, it’s more important than ever that market innovators win out over crony capitalists. Letting markets work to find new ways of delivering goods and services isn’t just better for customers in the short term, it’s the only way to unleash the innovation that ultimately propels long-term economic growth. After all, no country has ever regulated its way out of a recession.
Tesla has done the unthinkable not once but twice: First, it built an electric car that people actually want to buy despite a price tag north of $70,000 for its cheapest models. Second, it has the temerity to sell directly to its wealthy customers, rather than subjecting them to the ritualized hell that is known as auto dealerships. But because auto dealers account for as much as 20 percent of state sales taxes, their wishes often become legislators’ commands. At the top of their wish list? Don’t let carmakers sell directly to customers…
…If mobsters were pulling these sorts of stunts, we’d recognize the attacks on new ways of doing business for what they are: protection rackets, with state regulators rather than professional hitmen creating and enforcing rules to benefit well-connected businessmen. The real losers are not just the next generation of innovators but also customers who lose out on more ways of getting what they need or want…
Read the entire article at Time.
