Entrepreneurs are under attack, says Dick M. Carpenter II, co-author of Bottleneckers: Gaming the Government for Power and Private Profit.

In a 10-minute conversation with The Bookmonger, Carpenter explains that “bottleneckers” are creating cartels to keep people from becoming everything from hairbraiders to taxi drivers. He discusses how conservatives and liberals might come together to oppose these crony capitalists, also also describes how the new technologies of the sharing economy are helping Uber and Airbnb redefine the rules of modern business.

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Members have made 2 comments.

  1. Profile photo of Aaron Miller Member

    In many cases, technology has reduced or negated old reasons for licensing.

    Take electricians and other home builders for an example. A century ago, a craftsman from a distant area would have no traceable record. But with phones, computers, and a variety of customer-driven review services, we have better protection against snakeoil salesmen and drifters.

    Even without such options, most consumers rely on local workers with local reputations. A reputation system is more reliable than a licensing system because it allows for many degrees of approval or disapproval. And customer reviews are harder to rig than political councils.

    I’m not even convinced physicians are uniquely immune from review systems and must be licensed.

    • #1
    • December 13, 2016 at 4:31 pm
  2. Profile photo of Aaron Miller Member

    Incidentally, I was licensed as an electrician once. It required only a fee (tax) and supervision by a senior electrician. I use the word “supervision” loosely.

    License or no, it boils down to trust and responsibility either way. There are plenty of licensed rookies, buffoons, and scoundrels.

    • #2
    • December 13, 2016 at 4:35 pm