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Credentialism and Mandaranism are artifacts of state dominated societies. It's really that simple. Free market economies feature so much creative destruction

Credentialism and Mandaranism are artifacts of state dominated societies. It's really that simple. Free market economies feature so much creative destruction that power has little chance of persisting across generations. Only in a system lacking Darwinian market selection mechanisms do credentials become so critical. Credentialism emerged in China because the Chinese state was always much more powerful than the European crowns. Credentialism has declined in the US to the extent that certain segments of the economy have adapted and grown so fast as to escape the clutches of government control. The segments still under firm influence of regulation are heavily Mandarin and Credentialist. Think medicine or law.

Tangurena 18y ago
Inheritance taxes eliminate the persistance across generations of power and wealth. However, since the bush administration chose to repeal estate taxes, they intended to return the US to the sort of nation with a hereditary aristocracy. In IT, we saw the problems with "credentialism" in the problems with "boot camps" and the "paper engineers" who came out with CNE/MCSE credentials who also were basically useless.
- anamax 18y ago
  > Inheritance taxes eliminate the persistance across generations of power and wealth. No they don't. The persistence of the Kennedy s and Rockefellers demonstrate otherwise. US inheritance taxes just hit family biz, and destroy them because the tax bill can only be satisfied by selling the biz. The wealth of the truly rich (Gates et al) is not subject to inheritance tax. It is, however, passed on. (What - you thought that the Gates foundation was to do good?)
- ehabkost 18y ago
  The whole article is about a common way to persist power and wealth through generations, a method that can't be eliminated by inheritance taxes. And you believe inheritance taxes would eliminate the persistence? Did you read the article? 8)
aswanson 18y ago
Or finance-Wall Street. Maybe not, as the vast idiocy taking place there has been exposed recently. But memories are short.
- kingkongrevenge 18y ago
  Wall Street institutions are wings of the government. They live and die by the Fed and regulation. Universities also live and die by government support.

Tangurena 18y ago

Inheritance taxes eliminate the persistance across generations of power and wealth. However, since the bush administration chose to repeal estate taxes, they intended to return the US to the sort of nation with a hereditary aristocracy. In IT, we saw the problems with "credentialism" in the problems with "boot camps" and the "paper engineers" who came out with CNE/MCSE credentials who also were basically useless.

anamax 18y ago
> Inheritance taxes eliminate the persistance across generations of power and wealth. No they don't. The persistence of the Kennedy s and Rockefellers demonstrate otherwise. US inheritance taxes just hit family biz, and destroy them because the tax bill can only be satisfied by selling the biz. The wealth of the truly rich (Gates et al) is not subject to inheritance tax. It is, however, passed on. (What - you thought that the Gates foundation was to do good?)
ehabkost 18y ago
The whole article is about a common way to persist power and wealth through generations, a method that can't be eliminated by inheritance taxes. And you believe inheritance taxes would eliminate the persistence? Did you read the article? 8)

aswanson 18y ago

Or finance-Wall Street. Maybe not, as the vast idiocy taking place there has been exposed recently. But memories are short.

kingkongrevenge 18y ago
Wall Street institutions are wings of the government. They live and die by the Fed and regulation. Universities also live and die by government support.