Technological innovations may be reducing our reliance on old-fashioned mailing services, but the European experience shows that postal operators can adapt without forcing consumers to shoulder greater burdens. However, this is contingent on a process of liberalization, privatization and increased competition.
Transit agencies are able to operate at a loss during low-demand periods because they operate transit at a profit during peak periods. Regulators allow transit monopolies in exchange for the guaranteed service on low-ridership routes, which for-profit transport providers like UberHop are unlikely to consider.
The public is justified in asking our politicians what taxpayers will receive in response. Is this going to be another report that sits on a shelf, or will the political level now address the systemic issues that gave rise to the rot and corruption that so enthralled those who followed the proceedings?
Kevin O'Leary has created an entire persona around a sort of modern-day Gordon Gekko. O'Leary is fond of and famous for employing phrases like "it's all about the money," "people only care about money," and "money makes the world go round." To put it mildly, this is a superficial, even one-dimensional understanding of markets.