"Local salvage businesses argue that a proposed bill to open the auto salvage auction market could cost up to 2,500 jobs and eliminate consumer protections if lawmakers approve it next week.But proponents of Senate Bill 273, including the insurance industry and auto auctioneers, say the bill would reduce insurance rates in Ohio by making the market more competitive."They don't want to compete in a robust market, so they use the coercive power of government to limit competition.
"The Ohio Auto and Truck Recyclers Association and the United Coalition of Auto Recyclers strongly oppose the bill.“It would open up a big can of worms,” said Gene Wyen, vice president of Walt’s Auto in Springfield, one of nine salvage yards in Clark County."
Thursday, December 06, 2012
Local
Here's a perfect example of how existing businesses use regulation to limit competition.
Subscribe to:
Post Comments (Atom)



No comments:
Post a Comment