Nick wrote: > Adrian Stott wrote: >> >> 2. Where a consumer consumes a product in limited supply (such as >> moorings), then it is reasonable for him to pay the market-clearing >> price for it. Usually, if that price is higher than the cost of >> providing additional supply, that supply will be created. For >> moorings, the cost of providing additional ones is actually rather >> high, as BW found when it created the basin at Llangollen. > > He's back. Whoever was impersonating Adrian for the last few months, > and posting interesting and sensible stuff instead of utterly > discredited and hopelessly out of date economic dogma has gone and the > real Adrian is back. > > Still, it's good to see that letting the market do it's thing has > worked so well for HBOS - to name but one.
Yes...but with HBOS the government forced a deal to bail them out, wheras the government* has told BW (property company) PLC to get stuffed and screw the money out of the "users" (for "users" substitute boaters.) So we come up with wonderful schemes, like SOW, to get money out of the majority of the casual "users"...so BW says fine, go on and do it for us! I believe you once agreed with me that the "British Waterways" will not get better until it gets a lot worse...but hey, some of us remember boating in the 1960's and 1970's and we survived then. So what is the next UK "bank" to go and get bailed out ? B&B? I "bailed out" of them not long after us small shareholders were powerless to stop them being carpetbagged and turned into a bank....something we have sucessfully fought off a few times with Nationwide. I can remember what my grandpapy told me he did in the depression...he was given government sponsored work, digging ponds on Wanstead Flats...others modernized the GU, and others rebuilt railway infrastructure. Hey there is an idea, get all the out of work city workers to go and dig /maintain canals! government* Or was this just the DEFRA waterways unit, doing their own thing to get brownie points and substatiate themselves??? Notice how the outcome of the "reviews" get BW staying under DEFRA, thus protecting the backsides / jobs of the waterways unit. -- Neil Arlidge - NB Earnest Follow the travels of TNC, now, thankfully to soon be back in Ireland... http://www.tuesdaynightclub.co.uk/tour.html
