By, erm, page 51, she’s become confused about the difference between a PLC and a publically listed company.
Oh dear, does not bode well.
By, erm, page 51, she’s become confused about the difference between a PLC and a publically listed company.
Oh dear, does not bode well.
Tags: Books
© 2006–2007 Tim Worstall — Sitemap — Cutline by Chris Pearson
5 responses so far ↓
1 Kay Tie // Aug 16, 2008 at 1:23 pm
Have you got a braile keyboard Tim? Your eyes must be bleeding by now, surely.
2 luis_enrique // Aug 16, 2008 at 1:54 pm
if that’s the biggest mistake you’ve found after 51 pages, I’d say it bodes rather well.
Come on Tim, if you’d found an error that small in the writing of somebody you were predisposed to agree with, it wouldn’t bode anything at all. Confusing Plc with being listed is a common mistake – I remember not knowing the difference myself, and I don’t think that would have disqualified me from writing about has nasty rich people are, or whatever she’s on about.
Does she make any effort to select a random sample of rich people to base her analysis on, by the way? Or does she just find the nastiest she can find in order to tell us that the rich are nasty?
nb – if you look up plc on wikipedia, they get it wrong too I think
Tim adds: That’s not the worst in 51 pages, by no means. It’s just one of the simplest to explain. She gets very confused between wealth and income several times, she calls Richard Murphy a “tax expert” and relies upon the figures from his “Missing Billions” report, complains that only shareholders are allowed tospeak at a shareholders meeting (!), misunderstand the principal agent problem, thinks there are no deadweight ocsts to taxation, misunderstands the incentives evolution provides toprovide for your own children not those of others….and page 51 is still only in chapter 2.
3 dearieme // Aug 16, 2008 at 5:45 pm
Stupid, ignorant lout writes crap: it is a bit “dog bites man”, Tim.
4 vicky pollard // Aug 17, 2008 at 4:31 am
Yeah, but I bet Polly can spell “publicly” correctly. ; )
5 Matthew // Aug 17, 2008 at 7:13 am
What is the difference?
Leave a Comment