TOM EATON: The limits of other people’s money
No-one has a monopoly on pork barrel politics but there is an existential threat to the public protector’s piggy bank
27 August 2019 - 05:09
The problem with socialism, Margaret Thatcher said, is that you eventually run out of other people’s money.
At least, she would have said it if she’d had a better ear for internet-friendly truisms: what she really said, on Thames TV in 1976, was that “socialist governments traditionally do make a financial mess. They always run out of other people's money.” But her outdated claim endures...
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