Car buyers want COE system reviewed

[freedom]

free market mechanism may not be the best, at least it is a fair system. a controlled market might be better with a slim chance, but it will hardly be fair.

[belgarathc]

I think we should encourage car sharing for better allocation of resources. Everyday while I am on e expressway to work, I see plenty of cars with driver only but no passengers. Imagine all the people standing in MRT would be willing to fork out if they can catch a ride to their workplace.

I agree. I think it is a win win situation.

There are some car sharing websites around. I tried offering a ride at one site but didn't receive any takers.

[mrEngineer]

Actually this was one of my business ideas but I really do not know how to bring the concept to fruition. In Germany, there is this website called mitfahren where you can hitch a ride from one place to another at relatively low cost and make friends at the same time. However in Singapore context, people might be concerned abt safety, cleanliness and convenience to implement something like that. I m posting this idea freely online in hope that someone with good programming background and supply chain optimization knowledge can think about it and help to value add to the society. I maybe dreaming though..

[specuvestor]

free market mechanism may not be the best, at least it is a fair system. a controlled market might be better with a slim chance, but it will hardly be fair.

Free market is highly efficient but hardly effective. That is where a lot of proponents of free market missed the point. It does not generate fairness, equitable distribution or progressive society. It is merely proof that self -serving interest or incentive based system is most efficient system.

Regulations or COE quotas have no place in a free market system. Yet pragmatically any rational person, except maybe Fox news, would know regulations and laws are needed because a society cannot be run by self-serving maxim alone