“But, they insisted, they weren’t arguing in favor of a monopoly in the ferry business — no, they pointed out that their permit actually required them to run more frequent ferries if demand so warranted. Therefore there was no danger of a monopoly, because they could be trusted to operate more ferries if need be. This proved that there was no necessity for a new ferry company to compete against them, and that the government should not have granted the second company a permit. This is precisely the same argument made today by existing taxi monopolists who oppose the introduction of Uber and other ride-sharing companies.”
http://fee.org/anythingpeaceful/detail/uber-vs-the-state-1851-edition
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