Tim Worstall

It is all obvious or trivial except…

 

 

Whatta Guardian Leader!

October 30th, 2007 · No Comments

Sigh:

Capitalism’s great advantage is supposed to be that it ensures the economy can learn from failure. That only really happens, though, when someone takes the rap.

Weel quite. But instead of wibbling about managers getting payoffs for failure, why not note that someone has indeed taken the rap? The shareholders?

They are, after all, the capitalists in this capitalism thing so it’s all working as advertised.

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Tags: Newspaper Watch

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