Tim Worstall Tim Worstall

Startups fail for the same reason markets succeed

In the current jargon a unicorn is a private company, usually venture capital backed, which has a valuation above $1 billion. They are what everyone wants to create, what all lust after investing in. However, it's also interesting to look at what happens at the other end of that success scale:

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Tim Worstall Tim Worstall

If the NHS is so good then we should be spending less than everyone else

Reason rather flies out the window when discussing the NHS, that Wonder of the World that it is. Yet we do rathre insist that we must retain that very reason when discussing it. For if the structure of the NHS, that idea of not just government financing but direct government provision of health care, is so good and wondrous then we should be spending less upon it than everyone else:

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