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Liberalization of Markets

Viewpoint – Ride-Sharing Applications and the Future of Urban Transportation

Ride-sharing applications like Uber, Lyft and Sidecar are currently revolutionizing the urban transportation industry. By allowing taxi drivers to find clients more rapidly, and other individuals to offer transportation services more easily, these technologies could lead to considerable improvements for customers. Sensible economic policy should avoid hindering their adoption by consumers while compensating those who are negatively affected by obsolete government regulations from the past.

The Positive Role of Profit in the Field of Health Care

Few topics of public debate elicit more emotion in people than the role of the private sector in health care. It is often argued that profit has no place in this sector, especially when it comes to hospital care. Some people think that the profit motive would encourage "the cutting of corners," that profit would add to the cost of providing a service, or that for-profit medical facilities would avoid the more complex cases or those perceived to be "less profitable." Are these beliefs justified?

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