Thursday 3 October 2002

More on the economy

The Scotsman editorial on yesterday's Fraser of Allander report points out that the Institute doesn't agree with calls for the abolition of Scottish "Enterprise". But the Scotsman thinks that:
Those thriving service sectors underlined by Fraser of Allander - financial services and retail - have never been particularly influenced by SDA or Scottish Enterprise activities. Perhaps the theory needs revising. Commercial Scotland is now "developed". It is the public sector which is the last bastion of low productivity and lack of entrepreneurial drive. QED.
Absolutely. But let's not forget that low productivity and lack of entrepreneurial drive in the public sector necessitate mass privatisation.