Occupational licensure is a species of political favoritism, invariably enacted to protect incumbent practitioners by restricting competition.
Higher education in the US is bloated and dysfunctional because federal meddling turned it into a mass entitlement. Turn off the federal spigot and it will rapidly improve.
Capitalism enables some people to get rich faster than others and to Piketty that’s intolerable.
Federal college subsidies have increased the cost of higher education, lowered its standards, created a labor market glut of graduates expecting “good” jobs because they’ve been to college, and led to a horde of people who can barely repay their college debt.
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