On Wed, 2005-04-27 at 21:20 +0100, Dr Chris R. Tame wrote: > > > Very well put, and what I would have said myself If I could have been > bothered to do anything else than jeer at the economic illiteracy of the > original poster. > > Incidentally, the phenomenon you refer to above is what is technically > called by economists and historians of the subject "crowding out". Once > the state starts supplying such services it crowds out the ability of > people to purchase them privately. (In reality, of course, as you point > out, it also regulates and restricts the competition).
Thanks, Chris. I knew there was a term for it, just couldn't remember it at the time. Thanks for reminding me. Cheers, Bill -- Random Fortune of the moment: Violence is a sword that has no handle -- you have to hold the blade. _______________________________________________ Libnw mailing list Libnw@immosys.com List info and subscriber options: http://immosys.com/mailman/listinfo/libnw Archives: http://immosys.com/mailman//pipermail/libnw
