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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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Working where the police fail
By Dr Eamonn Butler
Fifty neighbourhoods in the South-East of England are paying for private security patrols, rather than relying on the police to protect their homes, according to a report in the Evening Standard newspaper. Residents typically pay £1,000 a year for round-the-clock checks and panic buttons. One private security firm, Crown Protection Service, provides dog patrols in 40 streets in fashionable Kensington alone. They say they have caught burglars and muggers in the act, leading to arrests by the police. Naturally, the police, and academics at Britain's state-funded universities, are fulminating against private security and say it doesn't cut crime. But would residents fork out £1,000 a year if they thought there was no effect? People want to feel secure on their own streets and in their own homes, and are prepared to pay for it. The state does not understand this demand - all it offers is a package of diverse services every four years at elections. Nor do state monopoly providers need to bother to respond to it. But security is now one of those essentials, like education and healthcare, that people increasingly are doing for themselves, having given up on the state. It is good to see people voting with their feet and going private. The only trouble is that only the rich can afford it. As usual, it is poorer families, those whom the state most wants to help, that are left behind to suffer its dismal service. 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. |