18 May 2006

Going Postal

So, the British government has decided to bail out the PO's pension scheme to the tune of £1.75 billion. This is the same Post Office we are told is moving with the times, upgrading, even turning a profit. Odd how a (basically state backed) company can claim to be turning a profit whilst simultaneously requiring subsidies. However, this bail out is not the truely ingenious part, no that comes with the regulatory body who, in their wisdom, have fixed the price of stamps and hence stripped the Post Office of their ability to set prices in line with their own costs and the market. So the end result is that, to save some money on the cost of stamps, everybody's taxes go up (or at least are diverted from other areas).
Now, I by no means defend the Post Office, if it's management have got into a situation where the PO will either go bankrupt from the pensions black hole or have to raise prices so much that it will go out of business anyway, then so be it. If a company is inefficient it should fail and it's competitors take over, fixing prices and subsidising is a gross distortion of the free market and, regardless of any perceived short term gains, will always lead to worse results in the long run.

11 May 2006

Chomksy - Oxymoron incarnate

What is it about those on the 'left', who claim to be libertarians, to offer people freedom, that invariably translates into calls for the creation of the most illiberal, corporatist, unaccountable, transnational bodies? Well, at least this comment gives us a name these so-called defenders of our rights can rally around:


Chomsky should start his own political party some day. He could call it "Anarchists for World Government".

Posted by: Steve Edwards

May 11, 2006 at 06:56 AM

09 May 2006

For Update's sake

It seems clear that to get a committed readership for a blog, one needs to update on a regular basis, probably daily if not more. This is quite a commitment for the lone blogger who has a life as well (believe it or not I do) and I have started to think that as the blogosphere develops it will be the team blogs that survive the test of time. I think a blog needs a certain momentum, once this has occured the regular commenters reinforce the main posts of the blog. Maybe this blog will achieve that momentum if I post more regularly, perhaps shorter more frequent posts? Or perhaps I should get my own team? After the short time I have been blogging I now see why so many blogs end up abandoned, something I will make every attempt not to do, especially since I think in general blogs are far more interesting than static websites.