Coming out of covid lockdowns we have been short of all kinds of capacity to supply goods and services. Some shortages of capacity had been building for a long time thanks to public policy and public services. Some have developed more recently. All we… read more
If you want to end up with many in poverty and many fleeing your country to escape economic disaster you should follow Venezuelan policies. They sought to control a wide range of prices below the level business needs to charge. This slashed supply … read more
There is competition in water provision for businesses in our system. The householder cannot switch suppliers so most of us have to get our water from a regulated monopoly. These companies are now under the spotlight as there is an overall shortage of… read more
All monopolies conspire against their users. State owned ones also conspire against the taxpayers that own them. As some used to say “We do not own the nationalised industries, they own us” . Any loss or outrage they commit means we have to take the b… read more
The proper topics of conversation were availability of supplies and prices. Gordon Brown’s attempt to hijack the agenda with a proposed nationalisation of parts of the energy industry was bizarre. His own purchase of RBS shares during the banking cri… read more