Dissolving India’s medical guild –

Bodies like Medical Council of India that are dominated by incumbents must not be allowed to control the supply and regulate the entry of medical professionals

In his seminal work Capitalism and Freedom, Nobel laureate economist Milton Friedman wrote thus in a chapter titled ‘Occupational Licensure’: “The overthrow of the medieval guild system was an indispensable early step in the rise of freedom…men could pursue whatever trade or occupation they wished without the by-your-leave of any governmental or quasi-governmental authority. In more recent decades, there has been a retrogression.” Friedman went on to write about the American Medical Association, describing it as “the strongest trade union in the United States.”

fallow: Dissolving India’s medical guild – Livemint

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