Whether one thinks government is a necessary thing (if only for fighting other, worse, governments) or not, it is well to remember that one should not place great trust in government.
A recent reminder of this in the British context:
A few years ago the mobile telephone (cell phone) companies paid the British government many billions of pounds for licences.
It is now widely agreed that the companies that got the licences went a bit mad during the auction process and grossly overpaid – but at least they thought they had an asset (even if it was an asset they had paid too much money for).
They were quite wrong. They forgot about the government’s power to regulate (although the very institution of a ‘licence’ should have reminded them of this power).
Now the government regulators have demanded that the mobile telephone companies cut the price of telephone calls.
In short the mobile telephone companies paid many billions of pounds for nothing. The powers that be can come along and regulate their profits away.
The “close working relationship” they had with the government was a sham, their trust in Mr Blair and Mr Brown with their “support for British high tech business” (like the late Harold Wilson’s “white heat of technology” back in the 1960’s) was quite mistaken.
Now the companies are screaming and going to court – but I bet they wish they had not got involved with the government in the first place.
