Markets rigged?

The first thing Vince Cable did when he got into Parliament was write a private member’s bill, now the Copyright etc and Trade Marks (Offences and Enforcement) Act 2002, massively increasing the penalties for copyright infringement. No empirical evidence was offered supporting the contention that this measure was anything other than a redistribution of rent to the benefit of large established rightsholders.

Now Mr Cable has pronounced that capitalist markets are often “rigged”. I guess he’d know.

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