2,406 karma · joined July 30, 2007
The only argument in favor of preserving the status quo is to protect the jobs of Amtrak workers. But if that's the concern, it would actually be cheaper to let the market lay some of them off and just cut a giant, multi-year severance check to each of the affected workers.
The allegation is that they emailed property owners and said, effectively, "Airbnb is great, you should use it" without saying how or why they came to hold that opinion. It's untruthful in the sense of not including the whole truth, but I'd put it decisively under naughty, not blackhat.
The rebuttal would be "Fine, but certainly state licensure can't hurt. It's just a backup." He says that it does in fact hurt, by allowing the AMA to control the supply of people who get to practice medicine. This limits patients' options w/r/t how, from whom, and for what price they can get medical care.
E.g. suppose I find a competent, well-trained nurse to remove a mole for me. The nurse and I agree to go ahead for $100. Friedman says that it's a) morally wrong and b) inefficient for the government to barge in and say, "No, for your own safety, you're not allowed to make this voluntary agreement. You have to have a doctor do this. Oh, and it'll cost $300." That's the effect of a law that says only licensed physicians are allowed to remove moles.
The hospital in this case is a middle man, and their role is vouching for the doctors they hire. When you buy a propane tank at Home Depot, the reason it doesn't blow up is that Home Depot's reputation depends on selling non-explodey propane tanks. When you buy meat at Whole Foods, why are you sure it's not rotten? Because the government checked that specific steak, or because you know Whole Foods wouldn't sell you rotten meat? Similarly, the reason people go to reputable hospitals is precisely because they know they can trust those places to hire competent staff.
Second, the market is steadily routing around physician's monopoly on the practice of medicine. There's sverything from questionable stuff like acupuncture and chiropractic to nurses and PAs doing things that only doctors used to be allowed to do (e.g. prescriptions, minor procedures), and those trends seem to be accelerating.
Actually, Milton Friedman famously (and impressively persuasively) did oppose mandatory licensure of doctors.
http://www.fff.org/freedom/0194e.asp
A lot of the trouble with licensure is that it tends to ratchet upwards. If I'd been forced to spend $20,000 getting licensed as a barber, I'd be mad if a competitor opened across the street without having spent all that money. Repealing licensure requirements benefits everybody except the people who've already gotten licenses.
What's the justification for management fees at all, let alone such a steep one? Their cut of the profit in fat years should be enough to keep the doors open in lean ones. Such fees also create a perverse incentive to simply get as much money under management as possible.
Facebook was several months ahead on spreading to other schools, and that was huge. Probably the decisive factor. By the time CUcommunity spread (rechristened as CampusNetwork), I think Wayne is right that it was simply way too late. By the beginning of summer 2004, Facebook's position on college campuses was pretty obviously unassailable.
Edit: found some screenshots of CUcommunity/CampusNetwork: http://www.wikicu.com/CampusNetwork