Speaking of centralized forces giving way to decentralization, here is another very important development—parts of Europe now plans to liberalize professions
This from Bloomberg,
While Greece started lifting the legal shield for more than 150 jobs two months ago, Italy retains restrictions on who can enter professions. Prime Minister Silvio Berlusconi plans to strip away the protection as he tries to avert a debt crisis by revitalizing an economy that’s trailed the average growth rate for the euro region since its formation.
Fostering competition across the economy would boost growth by as much as 1.8 percentage points a year, according to Antonio Catricala, head of the country’s Antitrust Authority. That includes protected groups such as pharmacists, notaries, accountants and taxi drivers.
“A liberalization of professions and more in general of the whole economy may lead to additional growth,” Catricala said in a telephone interview. More competition would “have a positive impact on employment,” as joblessness among young people is about 30 percent, he said...
The parliament in Rome will vote as early as next week on a plan passed by Berlusconi’s cabinet on Aug. 12 that commits lawmakers to liberalizing the professions within a year. Some barriers, such as compulsory membership of professional groups and tests to join, would require changes to the constitution.
Important changes have been happening at the margins. Such transition would not be smooth though, as many entrenched forces will fight to preserve the status quo.
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