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    As I have said before and will no doubt say again:

    In a capitalist system the state should interfere in the affairs of private companies as little as is necessary to ensure fair treatment of customers and workers. The corollary to this is of course private business cannot expect the state to step in and bail them out if they cock up.

    The 2 biggest problems with the current global system are

    a) over regulation by various governments and pan-national bodies

    b) limited liability

    The first creates unnecessary costs and stifles competition and innovation, the second encourages unnecessary risk taking and a disregard for the consequences

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