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And then we have the Chairman of the Government Parliamentary Committee (GPC) for Transport, Mr Cedric Foo, who said “it was important to note that the taxi industry was deregulated and therefore a free market”. (Straits Times, 6 December, Pg A4.)
“If Comfort was charging higher than the market could bear, other operators could come in to offer an alternative to commuters,” he said. “Commuters can then vote with their feet. If they feel fares are too high, then they can take a cab with another company.”
Mr Foo is being spurious and facetious, surely – if not, downright ignorant and clueless.
How are commuters going to be able to have a reasonable choice or alternative to Comfort if and when all taxi operators raise their fares – together – and urged to do so by the NTA?
It is a cartel-like behaviour which we have seen from the petrol companies. One raises its price and all others follow suit in quick succession because no one wants to be left out of the profit pie!
- http://andrewlohhp.wordpress.com/2011/12/06/comfortdelgro-altruism-really/
“If Comfort was charging higher than the market could bear, other operators could come in to offer an alternative to commuters,” he said. “Commuters can then vote with their feet. If they feel fares are too high, then they can take a cab with another company.”
Mr Foo is being spurious and facetious, surely – if not, downright ignorant and clueless.
How are commuters going to be able to have a reasonable choice or alternative to Comfort if and when all taxi operators raise their fares – together – and urged to do so by the NTA?
It is a cartel-like behaviour which we have seen from the petrol companies. One raises its price and all others follow suit in quick succession because no one wants to be left out of the profit pie!
- http://andrewlohhp.wordpress.com/2011/12/06/comfortdelgro-altruism-really/