An International Story for Christmas. Scrooge at the very worst.
see url: http://www.bbc.co.uk/news/uk-42217132
Oh! What a sorry tale and a wonderful example of Free Enterprise in
practice gone wrong. This was a private enterprise company formed to
promote the philosophic and economic ideas of Adam Smith international.
The very basic theory of modern Capitalism, which emanated from Scotland
in the late 18th Century, was totally corrupted and used for their own
What example did they set? They formed themselves into a private
entrepreneurial company by being funded by the British state, not
private enterprise, no risk takers here, and won contracts from the UK
Department of Foreign Aid, so that they could fund a "Free" Police force
in rebel held Syria, which then took the money and gave it to the
freedom loving and practising Terrorist organisations. What more could
one ask for? When the BBC tried to find out where the wages and other
monies for the policemen were going, they found a police station empty
of police, which had been collection wages and salaries and passing the
money on to a terrorist organisation, renowned for its use of torture
and killing and even stoning women. Other moneys given to the police
were given directly to the terrorists because the free police were
lightly armed and were "blackmailed" into giving it away under the
threat of being blown up by bazookas.
They then went on to use confidential documents to try and cover up and
get more money out of the government department for more dubious investing.
In other projects, they promoted the privatisation of such
organisations as the Nigerian Electricity Supply, which immediately put
up prices to the masses by 45%. Not a bad example of entrepreneurship,
using taxpayer funds to fund their own corruption and that of other
countries in setting up useless, but lucrative problems for all those
wild spirits who believe that profit comes before looking after the
people. Not quite the idea that Adam Smith had when he wrote his
"Wealth of Nations" thesis, and how the hidden hand of capital should be
left alone to sort out the markets for the social and economic well
being of the people. Amazing how the ideas of original thinkers get
twisted and distorted to suit the greed and quest for power of the
see url: https://www.adamsmithinternational.com/news-and-insights/
The Adam Smith Institute is denying the allegations...and wants more
money to fund other projects...