Tuesday, 31 December 2013

The free market - question mark

The ongoing saga of pemier league football clubs is a welcome antidote to those who rave about the laizaie faire economics and 'free markets'

Chelsea Football club for instance http://www.bbc.co.uk/sport/0/football/25564078
reported a loss of £49.4 million for the last year. It has reported a loss for every year 2003 (and possibly before that) bar one with a tiny £1.4 million profit.

Advocates of the delusional free market view of the world that bussinesses are only motivated by profit and that consumers have power. Yeah right, if I don't get

And where did Roman Abramovich, the owner of Chelsea football club get his money from - google it and find out. 

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