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Old Sep 7, 2008, 03:46 am   #5 (permalink)
Nono
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Location: Old Europe
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I was going to make this very point. The much-ballyhooed Free Market doesn't work to general benefit unless it's regulated by government.

But you'll notice how, in these "Washington consensus" days, only the disasters get nationalized. The money-makers get privatized.

What this means is that the taxpayers end up paying for the losses incurred by our capitalist friends, but don't get to benefit from profitable state enterprises.

I believe Mrs Thatcher led the way in this respect.


"I wish I was as cocksure of anything as Tom Macaulay is of everything."
-- Viscount Melbourne
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