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Market forces working through reputation generally do take care of verification fairly well in many countries - even more so in this era of free access to infor
by sfifs 8y ago
Market forces working through reputation generally do take care of verification fairly well in many countries - even more so in this era of free access to information. I find it ironic that in "socialist" (India, China) countries, these things primarily seem to run via free market forces with little or no licensing restrictions of who can practice a trade while in "free market" countries, there's endless red tape of who is allowed to carry out what trade.
Ultimately these systems are not about quality, they're about restricting free market in the labor pool to keep prices in a trade high.
- mcguire 8y agoWeird that you mention China. https://en.m.wikipedia.org/wiki/2007_pet_food_recalls?wprov=sfla1 https://en.m.wikipedia.org/wiki/2007_pet_food_recalls?wprov=... https://en.m.wikipedia.org/wiki/2008_Chinese_milk_scandal?wprov=sfla1 https://en.m.wikipedia.org/wiki/2008_Chinese_milk_scandal?wp... https://qz.com/1323471/ten-years-after-chinas-melamine-laced-infant-milk-tragedy-deep-distrust-remains/ https://qz.com/1323471/ten-years-after-chinas-melamine-laced... https://en.m.wikipedia.org/wiki/Chinese_drywall?wprov=sfla1 https://en.m.wikipedia.org/wiki/Chinese_drywall?wprov=sfla1
- pzone 8y agoProduct safety is certainly an area where strong regulation is valuable, however this article is focused on occupational licensing.