Wichita taxicab regulations likely to impede progress

The Wichita City Council will consider new taxicab regulations that, city hall hopes, will improve tax service in Wichita. But the regulations create high barriers to entry that stifle entrepreneurship and market competition, likely dooming the program to fail.

Myth: All relations among humans can be reduced to market relations

Attempting to reduce all actions to a single motivation falsifies human experience. Not all human relationships are reducible to the same terms as markets; at the very least, those that involve involuntary “exchanges” are radically different, because they represent losses of opportunity and value, rather than opportunities to gain value.