No. More granularity in capitalism. A lot of dysfunction gets perpetuated because it's hidden in the bowels of big, bureaucratic institutions. Sunlight is the best disinfectant.
But I don't think it's a useful point, because there is a market and societal use for bad/new programmers and it doesn't really hurt the profession as a whole.
Arguing for a standing body to help guide/regulate education and certifications could be a potential benefit, especially in the area of life-critical engineering, like software for hospital equipment, nuclear reactors, or space shuttles. Alternatively, a giant regulatory body could result in nothing but additional fees for students and prospective employees if they have any hope of being hired.
Edit: I also find it very interesting that my above remark swung from one to four, and now is down to zero. Difference between gut reactions and thinkers?