Uber drivers gang up to cause surge pricing, research says
I am currently talking with Warren Mosler about implementing Unconditional Basic Income in local communities (Hi @sama! :)<p>Cartels is the main danger with unconditional basic income. If you make sure everyone can eat, you create a moral hazard, where the insured are not sensitive to price anymore. Having said that, we already have means-tested welfare and food stamps, and cartels of fruit stores don&#x27;t spontaneously appear everywhere. However, they may appear in food deserts and other places where there aren&#x27;t a lot of participants. Competition is the only factor I can think of to combat this. But in some areas with few participants, this collusion can ultimately happen.<p>And then of course there is this result: <a href="https:&#x2F;&#x2F;www.arxiv.org&#x2F;abs&#x2F;1201.3798v2" rel="nofollow">https:&#x2F;&#x2F;www.arxiv.org&#x2F;abs&#x2F;1201.3798v2</a><p>Does anyone here have constructive thoughts on how to overcome this problem? Price controls and collective bargaining via single payer is all I can think of besides competition.