Accrediting boards have traditionally been used in academia instead of
licensing, and it seems to work as well as or better than licensing.  The
accrediting board is not controlled by the government, but builds its own
reputation on the strength of the schools that it accredits.

Since the eCTA is not merely selling memberships, but offering a strict
accreditation process, one would think that it would carry some weight, just
like a positive rating from the Better Business Bureau does in the US.
Preferably it should receive its funding from a source other than the
businesses that it accredits, so as to remove conflict of interest
pressures.

On the Internet peer review is feasible and practiced in many fields where
it wasn't practical before.  I've seen quite a few people ask for input from
the e-gold list before choosing a market maker.  Word of mouth has worked
for millenia.  The Web brings it back.

As was pointed out before, licensing by the government has never proved to
be a screen against bad operators.  Instead it is used by the established
bad operators to keep out the competition.  There are plenty of incompetent
licensed attourneys, doctors, and plumbers out there...

Ken


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