Stossel is a bit late on this.
We already have state, county and municipal licenses.
We already have medeval guild style limitations on businesses.
See the absurd liquor license quantity limits pushed by local governements. (only so many bars allowed)
then again, McCain Feingold is all about “licensed and approved” to provide political speech.
You really think he could have run a program like this one on ABC?
Give him a break. Look for more current controversies on his upcoming shows. He's signed to do about 40 total, and I doubt his well of material will run dry.