Posts Tagged markets

Britain isn’t a business (but thankfully businesses aren’t like Britain)

Yesterday on The New York Times online and today in the print edition, economist Paul Krugman discussed why ‘America Isn’t a Corporation’. Krugman makes a number of interesting points that all politicians would do well to remember, however, he perhaps fails to explain one of the most important reasons that a state is not a corporation: that it is not exposed to competitive pressures.

Krugman

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Batten down the hatches

The change in times seems marked.  In its 2002 command paper, Delivering the NHS Plan, the government adopted a new paradigm that choice and competition was the means to a more efficient and responsive service:

‘If it is to better respond to the needs of patients the NHS can no longer be run as a monolithic, top-down, monopoly provider…  Patients will choose hospitals… [and] changes to the funding flows and incentives will… enable all providers – public or private – who offer good quality and value for money to more easily provide services for NHS patients…’

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Now, let’s be franc

Brussels’ ever tightening grip on EU member states has seen supranational powers creep into the daily lives of ordinary Europeans. This loss of local power has eroded regional identities. However, some of Europe’s citizens are taking a stand against the surge of Brussels’ influence; battling the tide of EU domination in small, but hugely significant, ways.

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