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The Adam Smith Institute
The Adam Smith Institute is the UK's leading innovator of free-market policies. Named after the great Scottish economist and author of The Wealth of Nations, its guiding principles are free markets and a free society. It researches practical ways to inject choice and competition into public services, extend personal freedom, reduce taxes, prune back regulation, and cut government waste.
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How to save half a million pounds a year
By Andrew Selkirk
Then came the Health and Safety Inspectorate. Now Health and Safety is only meant to apply to work places, but soon all swimming baths were classified as places of work, and then all ponds were classified as swimming baths. And all need two life guards to be on duty at all times. There are three ponds on the heath, one (the best) for the ladies, one for the men, and one (summers only) mixed. This means that 4 (in summer 6) life guards need to be on duty for 12 hours or more a day. The cost is said to approach £500,000 a year. And naturally the Corporation of London wants to cut it back. Now the solution is simple - do away with the guards. Before they came, people had been swimming for a century without a single fatal accident. Even if there were to be an accident, other swimmers would help before the guards could get there. The United Swimmers Association have proposed that winter swimmers should form a self-regulating association to swim at their own risks without guards - thereby saving a huge amount of money. They are currently suing the Corporation of London for this to be allowed - but the Corporation is resisting this money-saving proposal and calling in lots of highly paid lawyers in order to oppose a proposal that would save them a lot of money. Michael Foot, who introduced the original legislation, and is a local resident and Heath enthusiast, is said to be horrified at the unintended consequences of his legislation. Andrew Selkirk is Editor of Current Archaeology. Feedback
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Adam Smith was the great Scottish philosopher and economist best known for "The Wealth of Nations", his pioneering book on free trade and market economics.
A wide selection of material about Adam Smith is now available on the Adam Smith website. This includes the full text of his two major works, The Theory of Moral Sentiments and The Wealth of Nations. |