Scandinavia and the World

Comments #9862572:

Like a Shakespearean play 9 10, 4:52pm


Unfortunately a corruption of the ideas of Adam Smith got introduced as lassiez faire economics, with everything controlled by the markets and minimal regulation which was presented as the most efficient system possible. It is IF you want to build up corrupt monopolies but not for much else. Unfortunately with rare exceptions its been the predominant economic 'idea' in Britain for most of the last ~150+ years and we have suffered very badly because of it. The problem when you have vested interests gaining too much power and directing government for their benefit. :(