Thanks a lot for all these comments. My point in writing this article was not to discuss how best to regulate taxi services and how Uber should be accommodated, if at all. All I wanted to say is that very often in Europe, as opposed to the US, regulatory restrictions protect incumbents without even an indirect reference to the general interest objectives these restrictions are meant to achieve. As a result, any entry that is perceived to eliminate some rents is prohibited, completely stopping innovation in many sectors of the economy. Innovative entrepreneurs exist in Europe as well. Let them start an activity when entry does not immediately affect any general interest. Adapt regulation to new technologies instead of blocking any technological development.
Assuming the US House of Representatives votes to impeach President Donald Trump, the fact remains that there are far fewer votes in the Senate than will be needed to convict him and remove him from office. But the willingness of Congress – including the Senate – to continue tolerating his dangerous conduct is now truly in question.
Before the current conservative government came to power in 2013, Australia was well-positioned to make the necessary transition to a low-carbon economy. But now, the country is heading in reverse, and has already fallen behind most developed countries, and even China, on reducing emissions and building resilience against climate change.