I think sometimes people need a visceral demonstration of what bad laws are actually preventing. Uber was a pareto improvement in my view: we are in a better world both for consumers & for low-income wages having ridesharing as a backstop.
On the other hand, I've come around to the view that sports betting is a net unqualified bad -- and I didn't necessarily feel that way before the Kalshi/PM explosion.
> Uber was a pareto improvement in my view: we are in a better world both for consumers & for low-income wages having ridesharing as a backstop.
Which has led to the interesting phenomenon that a sequence of Pareto improvements (each of which makes everyone better off) has seemed to leave everyone worse off.
Causal evidence indicates that uber entrance raises wages and reduces unemployment among the poorest, even who are not working for uber. Riders also get value.
On the other hand, I've come around to the view that sports betting is a net unqualified bad -- and I didn't necessarily feel that way before the Kalshi/PM explosion.