Sunday, September 07, 2014

Government Licensing Requirements Are Killing The American Dream

Posted: 9/7/2014

Prologue

As time goes by I intend to write more about this subject.

For now it must suffice to say that many of the licensing requirements by state and federal governments have gone way too far since the early 20th century or so.

The American Dream is not simply to own a house, raise a family,  and to make a decent living! The American Dream is e.g.  about opportunities to choose what you want to accomplish in your lifetime! Excessive government mandated or otherwise mandated licensing requirements are anathema to the Dream.

Outline

Many careers of famous and not so famous Americans up until the 20th century would have been impossible or difficult to accomplish would these Americans live now. It appears that many of these Americans had frequent and drastic changes in jobs and professional endeavours over their lifetime, which would be hard to repeat under current licensing requirements.

Many licensing requirements are superfluous and have paternalistic or cronyism motivations!

In particular, doctors, nurses, and attorneys have carved out for themselves a nice monopoly or established severe barriers to entry into their professions. This status quo should be drastically reformed and opened up to more competition!

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