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August 22, 2016

The Regulatory State: The worst Excesses Of Rent Seekers And Power-Mad Politicians [CBD]

In a wonderful example of the insanity that is our current regulatory climate, It Takes 4 Times Longer to Become a Hair Braider Than an EMT in Oklahoma. Maybe there is something about hair braiding that can be incredibly dangerous, and must be strictly regulated, but off-hand I can't think of anything.

"Occupational licensing on its face, it's one of those things that makes sense, right? We want to make sure people know what they're doing," he continued. "But when you unpack it a little bit and dig down beyond the buzzwords, you see a lot of time it's really just a rigged system where it's rent-seeking by those in power to get an unfair advantage over others."

Here's a little test. What regulated industries or products are better because of regulation?

Show your work. And that means justifying your argument in light of the current state of communications. So arguing that the meat-packing industry is better is incomplete. It was regulated more than 100 years ago, and with today's social media those companies would have been driven out of business by the consumer in about one week. And their replacements would have been transparent to their customers.


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posted by Open Blogger at 01:38 PM

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