The fact that Iran has closed the Strait of Hormuz and that gasoline in the US is now more than $4 a gallon is a very clear indicator that Trump's Folly in attacking Iran has failed. Lots of pai… (View Post)

My daughter brought marble cake to church for her birthday. A risk of taking things a bit far compared to custard cream biscuits? (View Post)

Sure, but all too often so-called pro-market politicians have actually been pro-existing large companies, and competition has been stifled. It's a lesson that we need to keep learning, over and … (View Post)

Exactly so. It's perfectly rational from their position. But we should make that the problem of their shareholders, and not the rest of society. Where things have gone wrong is that we didn'… (View Post)

One of the lessons is that existing companies will distort markets to protect themselves from competition, and that a healthy market requires new companies to shake things up. I'm not sure why w… (View Post)