A weekend in Washington
16th November 2008
When people are spending their own money they seek value for every penny and they keep an eye on things. The businesses they deal with know they have to provide a good service or the customers will go elsewhere. The more goods and services that are subject to those market pressures, the better the quality of what is provided and the better the value for money. It has long surprised me that some people call for government to nationalise businesses and run them “for the people”. After all, who would you trust more to provide groceries of good quality at a good price, the government or Tesco? Tesco makes huge profits whilst delivering excellent value for money, it is the best possible evidence that profit is a good thing not a burden.