So much for competition – part 2

Posted on

OFT fines building industry £130m for bid rigging | Business | guardian.co.uk .

Britain's building industry has been fined £129.5m following an investigation into bid rigging that pushed up the cost of building schools, universities and hospitals.

Yet more evidence of corruption that is rife in our business communities.

This sickens me.

What sickens me more are economists who pretend that because markets work in their theory books they are incorruptible in practice - which is a trait I am seeing, far too often.

Open your eyes guys.


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