Saturday, 31 March 2012

What happened to the free market?

Dr. Richard North asks the right question about the huge subsidies for Airbus and  Boeing:

Nevertheless, one is tempted to wish a plague on both houses. Cumulatively – on both sides of the Atlantic, we are looking at $25 billion of taxpayers' money handed over to aircraft makers, to keep them competing with each other. Whatever happened to the free market, where the best product was supposed to prevail?

Read the entire blog post here

Has anybody ever tried to find out how many tens of billions our politicians waste on all kinds of dubious and useless policies and projects (like e.g. climate change, to name only one "sector" of waste)? In the European Union alone, the total sum must be staggering.

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