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What's really important is that we design the system so that incumbent wealth can maintain their position by controlling the market through government regulatio

• maxerickson 9y ago
  That's a great defense of your misstatement about what it takes to become an electrician. Of course regulation often goes wrong. I'm pretty sure that isn't a reason to do away with it altogether, it is merely a reason to find ways to do it better.
  • Consultant32452 9y ago
    I didn't make a misstatement. Both cases have the same problem. The government has stepped in and made it more difficult for you to enter the market. In one case, you have to pay an electrician to take a class because the government won't let you learn for free. In the other case the government has made it even worse because you now have to perform labor at sub-market wages for 4 years before you're allowed to do work that you likely could've performed on your own after just a few weeks.
    • maxerickson 9y ago
      There's a difference between the requirements for licensing being excessive and "massive debt".
      • Consultant32452 9y ago
        In both cases the government regulation is making you an indentured servant to incumbent wealth. In one case you're a slave to financiers and the education incumbents and in the other case you're a slave to the labor union who doesn't want you coming in and undercutting them. I'm not interested in debating which one is worse, they're both very similar problems. And neither is necessary.