In the Interventionist State it is no longer of crucial importance for the success of an enterprise that the business should be managed in a way that it satisfies the demands of consumers in the best and least costly manner. It is far more important that one has 'good relationships' with the political authorities so that the interventions work to the advantage and not the disadvantage of the enterprise.Quoted by Richard Ebeling.
Election Economic Misconceptions (8) Electricity Competition Failure
-
Politicians continually gripe about the lack of competition in the
electricity sector, despite this being an artificial market that the
government create...
1 day ago

No comments:
Post a Comment