In the News Point of View: Three ways to let Oklahoma entrepreneurs flourish
One avenue would be to overhaul the transportation industry. Thanks to a state law passed in 2015, Oklahoma pre-empts cities from overregulating ride-hailing companies such as Uber and Lyft. But it’s a different story for traditional taxis. Oklahoma City limits who can enter the taxi market and caps the size of the city’s fleet. According to the R Street Institute, which gives Oklahoma City a C grade for its taxi friendliness, “artificially limiting supply in this manner undermines competition and ultimately hurts consumers.”
