Thread: Carillion Crisis
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Old 16-01-2018, 13:06   #25
OLD BOY
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Re: Carillion Crisis
Quote:
Originally Posted by denphone View Post
The trouble is governments of the last 20 years have become too Laissez-faire IMO as governments when it is right need to intervene more instead of leaving it to unfettered capitalist economics.
There are times when it is right to intervene, such as when companies are not playing by the rules. However, the rules need to be straight forward to understand and apply, should not unduly restrict new ideas and new ways of doing things and the rules need to let companies manage as they see fit but within accepted parameters.

When companies deliberately flout these rules, the penalties should be harsh enough to deter such behaviour in the future. There should be tax breaks for those employers that invest in growing their companies, pay their employees a fair proportion of the CEO's salary and provide better pension schemes. Tax evasion penalties should be so harsh that companies would move heaven and earth to comply, but all this would be in the context of a low tax economy. Tax avoidance should not be frowned on as this should only be possible through companies taking advantage of schemes approved by the government.

Laissez faire is all well and good, but given human nature, it needs to be applied with conditions and expectations.
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