Not How Capitalism Works (Score 1)

I run a small IT company in the UK. What infuriates me is that my start-up is subject to onerous rates of taxation whereas a large foreign competitor is able to avoid a considerable portion of its tax bill. One of the key functions of government is that it needs to be there to ensure that the rules that ensure that capitalism can function are in place and are not being circumvented by any of the participants in the market. Failure to apply these rules across the board means that the market becomes distorted and the system fails to behave in a healthy fashion. This is what happens in developing countries and it is what makes them poor. The UK is getting poorer for many reasons but a key reason is our rising tide of corruption - which this is an example of. Recent articles by professor Niall Ferguson discuss the failure of Western institutions being core to our waning power... this is a clear example of that. The Law must apply to all in equal measure.