The Power of One Entrepreneur: Hector Ricketts Transportation Entrepreneur
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Ricketts first arrived to the U.
He soon secured a student visa and brought his family to America in pursuit of a better life in New York City. The hardworking Ricketts found a job at a local hospital and began taking passengers on his van as a side business to earn extra money.
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Queens Van Plan met with economic success as it offered a low-cost and valuable service to workers who lived on the outskirts of the city. MTA bus lines were few, far between, and only ran one bus ever forty five minutes to an hour. In order to protect their vested interests in public transportation, union bosses and local politicians set their political machines in motion. First, stringent regulations were enforced and perverse new regulations were created, ensuring a market for public buses by raising the cost of business for commuter van services.
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Because New York City streets are public property, the city government reasoned, the municipal government had unlimited power to restrict what types of transportation were used on those streets. He couldn't afford to advertise on radio or TV, so he paid someone typically unemployable people with quirky personalities to stand on the road with a sign directing traffic to his store. It's great that I.
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But in a country with a real free market, such lawsuits would be unnecessary. To read features by other Creators Syndicate writers and cartoonists, visit the Creators Syndicate Web page at www.
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Fox News Opinion is on Twitter. John Stossel is the author of " No They Can't! Facebook 0 Twitter 0 livefyre Email Print. Together, they use the power of government to keep competition down and prices high. Here are four cases from I.
The courses and license had little to do with her profession. They were simply barriers to entry favored by her competition. The sign brought him two or three new customers a day. Don't miss a minute of opinion. He is an entrepreneur: He has been an entrepreneurial army of one for his business and his community for nearly 20 years. He has learned to speak the language of New York City politics to serve the hundreds of people who own or drive vans and the tens of thousands citywide who use vans to get to work.
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Other van operators credit him with keeping the entire system afloat. To do all of this, Hector Ricketts fought City Hall and won. But his fight is not over and he knows that to secure that victory, his economic and social impact must continue to grow. Despite significant progress toward establishing the commuter van industry in New York City, the struggle to stay in business continues.