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
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 But her outdated claim endures.