Tuesday, May 08, 2007

James Bartholomew relates a gem spoken by his ten year old daughter.
"When I was on holiday with mummy in Spain, when mummy was paying I didn't mind what I bought! But then she gave me 50 euros of my own to spend and then I didn't buy things in case, later on, I found something I liked better."

This is the short course in why capitalism works and socialism doesn't. It is a short course in why public services tend to be wasteful (ministers and the rest are spending other people's money).

When it is your own money, you don't waste it.

When the fucking hell are Toynbee and her hideous ilk going to realise this?

2 comments:

james higham said...

Any of these tossers who plan how to spend other people's hard-earned are never going to realize it.

Devil's Kitchen said...

James, they didn't listen to Friedman: I shouldn't think that Bartholomew's daughter is going to convince them...

DK