Wednesday, September 22, 2010

Quotes of the day - Vince Cable vs. Adam Smith

Vince Cable:
"Capitalism takes no prisoners and kills competition where it can, as Adam Smith explained over 200 years ago."
Except he didn't say that Vince, he said government kills competition

Adam Smith:
"Where free competition reigns, businesses cannot keep out competitors. Government policy should focus on increasing competition, ensuring that trade is honest – and on reducing other regulation."

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