Excellent piece again. Politicians get seduced by science and technology. It's shiny and they keep getting told that they can trust the people building it because it will work this time. Then it does… (View Post)
A major factor you haven't mentioned is the role of HM Treasury. They look at all projects, use unrealistic test discount rates and suggest modelling assumptions to filter out most projects, leaving … (View Post)
I agree with everything you've said - and your last point cannot be comedy because it's Swiss, and they are known to avoid comedy. I would also like to suggest increasing the penalty for people smugg… (View Post)