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There was talk about renaming the Krugman thread for this purpose, but that seems to be going nowhere. Besides which, I feel the Krugman thread should be left to discuss Krugman while this thread can be used for more general economic discussion.

Discuss:

  • The merits of competing theories.
  • The role of the government in managing the economy.
  • The causes of and solutions to our current economic woes.
  • Comparisons between the economic systems of different countries.
  • Theoretical and existing alternatives to our current market system.

edited 17th Dec '12 10:58:52 AM by Topazan

PotatoesRock Since: Oct, 2012
#12401: Jun 30th 2015 at 1:49:14 AM

Social Welfare services, no bailouts like the states, and no real economic powerhouses there.

Silasw A procrastination in of itself from A handcart to hell (4 Score & 7 Years Ago) Relationship Status: And they all lived happily ever after <3
A procrastination in of itself
#12402: Jun 30th 2015 at 3:08:20 AM

Thing is Uber's advantage isn't tech, it's a lack of quality control. It's the fact that they use "non-professional drivers" that makes them dangerous. The state is meant to protect people and that includes from random folks who haven't been safety checked from posing as legitimate taxi drivers.

“And the Bunny nails it!” ~ Gabrael “If the UN can get through a day without everyone strangling everyone else so can we.” ~ Cyran
TheHandle United Earth from Stockholm Since: Jan, 2012 Relationship Status: YOU'RE TEARING ME APART LISA
United Earth
#12403: Jun 30th 2015 at 3:22:34 AM

Taxi licenses could stand to be cheaper, though. Those are so expensive, you spend a sizable fraction of your income as a taxist paying off the mortgage on them! They're basically the main obstacle to taxists braking even. Also, there's a limited pool of them, so you have to buy or inherit one off of someone who's retiring.

edited 30th Jun '15 3:23:13 AM by TheHandle

Darkness cannot drive out darkness; only light can do that. Hate cannot drive out hate; only love can do that.
PotatoesRock Since: Oct, 2012
#12404: Jun 30th 2015 at 4:01:46 AM

The argument by the Taxi Drivers is the inflated price makes the Medallions a safe asset to invest in and retire on, as much as they're paying ON it, it's paying them.

Linhasxoc Since: Jun, 2009 Relationship Status: With my statistically significant other
#12405: Jun 30th 2015 at 4:51:09 AM

And then we're getting back to Ramidel's complaint: the taxi drivers are using the government to protect their ability to charge higher prices to customers.

DeMarquis Since: Feb, 2010
#12406: Jun 30th 2015 at 5:41:01 AM

Yes they are, and somewhere in between Uber and traditional taxis is an idea that actually makes sense.

shimaspawn from Here and Now Since: May, 2010 Relationship Status: In your bunk
#12407: Jun 30th 2015 at 6:14:04 AM

It's more the taxi companies are doing that then the drivers. The drivers still don't make much.

Reality is that, which when you stop believing in it, doesn't go away. -Philip K. Dick
PotatoesRock Since: Oct, 2012
DeMarquis Since: Feb, 2010
#12409: Jun 30th 2015 at 7:30:58 AM

We should consider the possibility that the Paris taxi drivers would actually be better off if their employers faced more competition.

Khudzlin Since: Nov, 2013
#12410: Jun 30th 2015 at 7:58:25 AM

[up] But probably not from a company that treats its drivers like shit (among other things abusing the contractor status).

probablyinsane Since: Oct, 2011 Relationship Status: I LOVE THIS DOCTOR!
#12411: Jun 30th 2015 at 8:06:28 AM

I think a compromise. Anyone who wants to take in passengers should get a Pro-driving license first. Similar to anyone who wants to take in renters.

Cause businesses have to be taxed properly.

Plants are aliens, and fungi are nanomachines.
Greenmantle V from Greater Wessex, Britannia Since: Feb, 2010 Relationship Status: Hiding
V
#12412: Jun 30th 2015 at 8:54:22 AM

@ DeMarquis:

#12406:

Yes they are, and somewhere in between Uber and traditional taxis is an idea that actually makes sense.

In Britain, we call it the minicab, or more formally, Private Hire. As that Wikipedia article mentions:

A minicab must be booked, for example, by telephone, internet, or fax, or in person at the registered minicab office. A minicab can be booked at the time it is required, but only at the office of a company registered to accept bookings rather than directly with a driver.

They are subject to most of the same Driver and Vehicle licencing requirements as a Hackney Cab driver.

#12409:

We should consider the possibility that the Paris taxi drivers would actually be better off if their employers faced more competition.

But what if French Taxi Drivers — as most are in Europe — are self-employed?

@ Linhasxoc: But what if the Governmentnote  also sets the fares?

edited 30th Jun '15 9:19:23 AM by Greenmantle

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NativeJovian Jupiterian Local from Orlando, FL Since: Mar, 2014 Relationship Status: Maxing my social links
Jupiterian Local
#12413: Jun 30th 2015 at 9:18:19 AM

Thing is Uber's advantage isn't tech, it's a lack of quality control.
Not as far as I'm concerned. Using non-professional drivers might make them cheaper, but Uber's advantage is convenience — you use the one app no matter what city you're in, and it handles everything for you, including payment so you don't have to mess with cash (which you're not always carrying) or credit card (which cabbies often don't like to accept, and/or have terrible ancient systems for using).

Really from Jupiter, but not an alien.
Fighteer Lost in Space from The Time Vortex (Time Abyss) Relationship Status: TV Tropes ruined my love life
Lost in Space
#12414: Jun 30th 2015 at 9:24:16 AM

If traditional taxi services would adopt a system like Uber's app to schedule and pay for rides, it would be a huge improvement.

"It's Occam's Shuriken! If the answer is elusive, never rule out ninjas!"
shimaspawn from Here and Now Since: May, 2010 Relationship Status: In your bunk
#12415: Jun 30th 2015 at 9:31:51 AM

If traditional taxis would show up when they're scheduled for it would be a huge improvement.

Reality is that, which when you stop believing in it, doesn't go away. -Philip K. Dick
Greenmantle V from Greater Wessex, Britannia Since: Feb, 2010 Relationship Status: Hiding
V
#12416: Jun 30th 2015 at 9:32:57 AM

[up][up] Depends on whether the local legal framework allows them to.

edited 30th Jun '15 9:33:26 AM by Greenmantle

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Ogodei Fuck you, Fascist sympathizers from The front lines Since: Jan, 2011
Fuck you, Fascist sympathizers
#12417: Jun 30th 2015 at 9:49:41 AM

If we have a real, protracted economic downturn, yeah. Though it would be a hard fight for Republicans against the demographic headwinds.

America's recovery is rolling along, and i really don't think Greece is going to spread (the ECB is willing to help everyone but Greece, it's more about screwing over them now. The Eurozone will be shaken but nothing worse than the last three years or so).

China will hopefully have a graceful slide rather than a violent bubble burst.

AngelusNox The law in the night from somewhere around nothing Since: Dec, 2014 Relationship Status: Married to the job
The law in the night
#12418: Jun 30th 2015 at 10:03:58 AM

How exactly can this bubble burst benefit the manufacturing sectors in countries with a lot of Chinese exports?

The yuan valuating sure as hell is going to make Chinese products more expensive, but at the same time I'm a bit wary of inflationary pressure over common consumer goods.

Inter arma enim silent leges
Fighteer Lost in Space from The Time Vortex (Time Abyss) Relationship Status: TV Tropes ruined my love life
Lost in Space
#12419: Jun 30th 2015 at 10:04:57 AM

A Chinese collapse would strengthen the dollar, weakening our net trade position. It would have a slight negative effect on growth, but not enough to send us into recession. It's not like we have huge investments into the renminbi that would destabilize the financial system if they were to default. What, exactly, is the risk?

"It's Occam's Shuriken! If the answer is elusive, never rule out ninjas!"
Ogodei Fuck you, Fascist sympathizers from The front lines Since: Jan, 2011
Fuck you, Fascist sympathizers
#12420: Jun 30th 2015 at 10:08:46 AM

A slowdown in Chinese consumption would have a negative effect, though it has to be weighed against the US recovery. Japan is slowly on an upward trajectory too after the damage from the sales tax hike. I'm hoping for all our sakes that Troper:Potatoes Rock is wrong about this, a Republican now would be disastrous.

Fuck me with red links today...

edited 30th Jun '15 10:09:17 AM by Ogodei

AngelusNox The law in the night from somewhere around nothing Since: Dec, 2014 Relationship Status: Married to the job
The law in the night
#12421: Jun 30th 2015 at 10:10:12 AM

[up]I for one am worried as fuck about China's economic woes.

Specially when Brazil exports are soy, steel and other raw materials to fuel chinese industries.

Our battered economy will just go further into the shitter if China stops importing commodities in bulk.

Inter arma enim silent leges
Fighteer Lost in Space from The Time Vortex (Time Abyss) Relationship Status: TV Tropes ruined my love life
Lost in Space
#12422: Jun 30th 2015 at 10:12:11 AM

Obviously, a Chinese recession would impact its imports and thus those countries that export a lot of materials to it, but the concern seemed to be that it would damage the U.S. economy and throw the 2016 elections into question. I have yet to see a coherent narrative for this that's based in more than sinophobia.

"It's Occam's Shuriken! If the answer is elusive, never rule out ninjas!"
Silasw A procrastination in of itself from A handcart to hell (4 Score & 7 Years Ago) Relationship Status: And they all lived happily ever after <3
A procrastination in of itself
#12423: Jun 30th 2015 at 10:49:45 AM

Now I'm getting the taxi thing, the lack of a minicab industry is allowing Uber to sneak in completely unregulated and illegally. They need to be cut off from their totally unregulated actions by regular minicab regulations being bought in.

I susspect that the presence of reasonable private hire in the UK I is actually why Uber isn't a thing over here. Nobody is going to get in a doggy unlicensed taxi when there are plenty of licenced ones you can book via your smartphone.

“And the Bunny nails it!” ~ Gabrael “If the UN can get through a day without everyone strangling everyone else so can we.” ~ Cyran
Ogodei Fuck you, Fascist sympathizers from The front lines Since: Jan, 2011
Fuck you, Fascist sympathizers
#12424: Jun 30th 2015 at 11:11:16 AM

That's the key. There's a reasonable solution in the middle which meets standards of treating employees well and actually providing the damn service in a timely and acceptable manner. Uber fails on the former and in most cities, taxis badly fail on the latter.

Greenmantle V from Greater Wessex, Britannia Since: Feb, 2010 Relationship Status: Hiding
V
#12425: Jun 30th 2015 at 11:16:48 AM

[up][up] Even if you have to phone the office and pay over the phone (or pay cash in the cab)!

Then again, I don't think Local Authorities limit the number of taxi licences (of any sort) available, either.

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