Michael Spencer of Icap, and David Ross, co-founder of Carphone Warehouse are
amongst some of the richest men in Britain and are also friends of David
Cameron .Indeed Michael Spencer is Treasurer of the Conservative Party. They
have both been engaged in controversial share dealings which, although not
illegal, hardly help us to believe David Cameron's assertion that the Tories
are the party best placed to look after the interests of ordinary people.
As far back as Dr Beeching, of railway destruction fame, but particularly
since Thatcher, we have been led to believe that putting a 'businessman' in
charge of major public services is the solution to the all problems. Hopefully
the current financial crisis, which has revealed the breathtaking stupidity &
incompetence of so many of these grotesquely overpaid individuals, will
finally bury that myth. One is reminded of the comments of that iconic
economist of the 1930's, John Maynard Keynes, who when asked why, if
businessmen were so stupid they continued to make money, replied "because they
do business with each other".