Because it illustrates the problems of scale. Much of commerce is regulated at the federal level because crossing state lines makes the complexity of the problem much harder to manage. UCC is not a very good example; it has barely changed in half a century, in part because getting all states to update and agree becomes onerous. As an effect, the UCC largely boils down to a contract law policy of "shut up, pay me." That type of approach isn't great for handling nuanced problems.
>Most countries are smaller than the US, and still manage to get safe drugs.
You do understand much of this is predicated on the very institutions you are maligning. A vast and disproportionate amount of pharma R&D is done in, and regulated by, the U.S. Other countries generally use that information as a proxy for in-house regulation. Ever wonder how small countries manage to regulate their aircraft without much overhead? It's because they accept the US FAA certifications. They effectively outsource the oversight to the US.
>I am suggesting that most likely employers and employees ain't idiots
If you review my comments, I'm don't think you'll find me using the word "idiot." What you will find is that I claim individuals act irrationally and also struggle to manage information when the complexity of society gets high.
>Sure, but that doesn't mean subsidising credentialism is the only way.
If you read carefully, I have not been an advocate for subsidizing education per se. What I am saying is we need to be careful of the blowback of simple solutions. If the intent is to increase education, subsizing it is one way, but it obviously has unintended consequences. Simply removing subsidies does not necessary fix the problem without creating second order problems of its own. I'm saying we need to be cognizant of that, and asked for solutions that effectively manage those consequences. Generally, those simple fixes like "remove subsidies" or "just give people money" belie a lack of nuanced understanding and risk creating more problems than they solve. Most of your perspective seems to be built on an overly simple model of human behavior that tends to break down on complex situations.
Because it illustrates the problems of scale. Much of commerce is regulated at the federal level because crossing state lines makes the complexity of the problem much harder to manage. UCC is not a very good example; it has barely changed in half a century, in part because getting all states to update and agree becomes onerous. As an effect, the UCC largely boils down to a contract law policy of "shut up, pay me." That type of approach isn't great for handling nuanced problems.
>Most countries are smaller than the US, and still manage to get safe drugs.
You do understand much of this is predicated on the very institutions you are maligning. A vast and disproportionate amount of pharma R&D is done in, and regulated by, the U.S. Other countries generally use that information as a proxy for in-house regulation. Ever wonder how small countries manage to regulate their aircraft without much overhead? It's because they accept the US FAA certifications. They effectively outsource the oversight to the US.
>I am suggesting that most likely employers and employees ain't idiots
If you review my comments, I'm don't think you'll find me using the word "idiot." What you will find is that I claim individuals act irrationally and also struggle to manage information when the complexity of society gets high.
>Sure, but that doesn't mean subsidising credentialism is the only way.
If you read carefully, I have not been an advocate for subsidizing education per se. What I am saying is we need to be careful of the blowback of simple solutions. If the intent is to increase education, subsizing it is one way, but it obviously has unintended consequences. Simply removing subsidies does not necessary fix the problem without creating second order problems of its own. I'm saying we need to be cognizant of that, and asked for solutions that effectively manage those consequences. Generally, those simple fixes like "remove subsidies" or "just give people money" belie a lack of nuanced understanding and risk creating more problems than they solve. Most of your perspective seems to be built on an overly simple model of human behavior that tends to break down on complex situations.