It’s interesting to note that the people who have the most unshakable belief in the market economy’s ability to deliver are the ones who think they can load it down ever more heavily with taxes, regulations, mandates, union rules, bureaucrats and red tape. They hate free markets, yet believe they can both disrupt them enjoy all of their benefits.

The rest of us, who perceive that free markets are wonderfully effective but quite easily wrecked, have lower expectations but a clearer view.

It’s funny how the ‘precautionary principle’ is rarely applied to the mechanisms that enable the vast bulk of our population to feed themselves and earn a living.