Gus Van Horn blog Posted June 21, 2018 Report Share Posted June 21, 2018 Image via Wikipedia Driving in DC used to be a nightmare for me until Waze replaced stand still traffic with pleasant drives through picturesque neighborhoods. Unfortunately, residents may not feel a similar delight when they see my car. They’re weary of speeders, noise, and rudeness; and they're fighting back. (I would too, if I couldn't even back out of my driveway) And so, there are rumblings about forcing companies to be "accountable", holding them liable for traffic problems, and even preventing them from reporting certain routes. Unfortunately, this is exactly what we should not be doing.Southern California Radio recently asked their listeners, "[H]ow could Los Angeles actually hold Waze accountable? What types of regulations should be put in place?" That's no surprise: How many times have you heard someone say, "there ought to be a law?" In a country where the federal code of regulations alone takes up ten shelves of the Library of Congress, this seems to be the conventional wisdom -- even more today than in the time of widespread, privately-run public transit. Back then, anti-trust and interstate commerce regulations forced electric companies to sell their street car lines. This destroyed the profit margin of the lines...To continue reading my latest column, please proceed to RealClearMarkets. I would like to thank Steve D. and my wife for their comments on an earlier version of this piece. -- CAV Link to Original Quote Link to comment Share on other sites More sharing options...
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