Wednesday, August 03, 2011

Government Amateurs vs Government Professionals

Government Amateurs vs Government Professionals:

"In the budget debate, government amateurs took on government professionals. And the professionals won. This is only to be expected. Professionals usually have the inside track in whatever field they’re in. Not only do they hold the higher ground, but they know all the loopholes and how to shape the dialogue.

In most fields, the only way that amateurs can beat professionals is by undercutting them. Which is why professionals create guilds which set certain standards of training and apprenticeship for anyone who wants to enter the field. And they also set prices to avoid being undercut.

In the budget debate, the amateurs offered government for less. And the professionals warned that cutting the price of government would lead to catastrophic results. Global defaults, loss of credit rating, human sacrifice, cats and dogs living together and the usual mass hysteria. This is how professionals defend against amateurs competing on cost. By warning that going cheaper will lead to disaster."

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