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Monday, 19 March 2018

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Presumably the ground floor is the pub-dining area? I couldn't find inside photos of the building, so my question would be-what is being done with the rooms on the upper floors? Neat looking building though, even with the electric conduit pipe running along the front facing.

Well-meaning, sentimental provincials are fodder for a heart-touching cautionary tale by the sophisticated Mr. Worstall. How often does he mention market failures like this?:

"The California electricity crisis, also known as the Western U.S. Energy Crisis of 2000 and 2001, was a situation in which the United States state of California had a shortage of electricity supply caused by market manipulations, illegal shutdowns of pipelines by the Texas energy consortium Enron, and capped retail electricity prices."

https://en.wikipedia.org/wiki/California_electricity_crisis

Or this?:

https://www.theguardian.com/business/2018/feb/23/big-six-energy-companies-routinely-overcharging-customers-exclusive

David,
A lot of what you (correctly) said is down to the governments we have inflicted on ourselves over the last couple of decades or so. The repeated budget hikes on beer and fags, plus the relentless campaign against the latter, which has included the ban on smoking in pubs and clubs, have forced many of the punters into coming to the entirely accurate conclusion that it is a lot cheaper and a lot more hassle free to get their booze and ciggies from Tescos and enjoy both in the comfort of their own homes.

Meanwhile, the pubs continue to go out of business...

I would love to get a look-see inside all of this old building. So far no luck.

"Well-meaning, sentimental provincials are fodder for a heart-touching cautionary tale by the sophisticated Mr. Worstall. How often does he mention market failures like this?"

Well, that Mr Worstall has, in the past, pointed out that the problems came from the idiot design of the deregulation. Wholesale prices were deregulated, consumer prices were not. So, prices could and would vary to distributors, but they couldn't change prices to actual users. P&E went bust as a result I seem to recall.....

Entirely an idiot way to do it.

Tim Worstall,

You don't have anything to say about the market manipulations and illegal shutdowns of pipelines? Surely corporate greed and corruption have a place in the tale along with governmental stupidity.

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