Cautious crony organisations stifle innovation

Matt Ridley writes about FREER in his Times column:

Disruptive start-ups are rare as pandas; the vast majority work for corporate brontosaurs. Capitalism and the free market are opposites, not synonyms. Some in the Tory party grasp this. Launching Freer, a new initiative to remind the party of the importance of freedom, two new MPs, Luke Graham and Lee Rowley, not only lambast fossilised socialism and anachronistic unions, but also boardrooms “peppered with oligarchical and monopolist cartels”.

Read the full article here.