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Carillion

TPA said:
Capitalism = competition = innovation. I'm not going to trawl through the many examples, but this is a fairly fundamental concept.
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Alas it is so "fundamental" as to fail to adequately describe mere reality. :)

In practice those who have large amounts of "capital" tend to use it to buy up, influence, or put out of business smaller concerns with less "capital". They also tend to buy up and either control or prevent "innovation".

Groups of high-"capital" companies also adopt flocking behaviours for the same aims, sharing the spoils. The most common example being patent/IPR 'pools' when let them control areas of the market and what *can't* be made by others. But it also can extend to example of what happened to Kodak when its "capital" came to be auctioned off. Other companies formed what UK auction dealers know as a 'ring' to buy the assets at minimal cost rather than 'compete' for them.
 
TheDecameron said:
I remember back in the day, the school toilets were proper draughty and there was that paper that jagged your bum. Then Mrs. Thatcher came, weaned us off the free milk and changed the social industrial landscape for ever. I’ve never looked back- I can afford quilted toilet paper now. Dad would be proud.
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Well, where I worked they continued to have the shiny/scratchy stuff. Quite odd when visitors found it also said "Government Property: now wash your hands". :)

I did ask why it was used. I was told it actually cost *more* than the soft paper you could buy in local supermarkets. But it was less likely to be nicked. So the scratch was to deter professors being paid high sums from taking it home. Or maybe it was to encourage us to hold on until we got home so we'd use our own paper... 8-]

Economics is sometimes weird...
 
When I was at school, the scratchy bog paper was branded 'Bronco'. The 'Vim' type abrasive cleaner with which desk Graffiti artists were forced to clean off their creations, was branded 'Briz'

:rolleyes:
 
Jim Audiomisc said:
Well, where I worked they continued to have the shiny/scratchy stuff. Quite odd when visitors found it also said "Government Property: now wash your hands". :)..
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In North Korea, after you’d been denounced at party head quarters, it probably said “contains VX, you have 60 sec to settle your affairs”.
 
Mullardman said:
When I was at school, the scratchy bog paper was branded 'Bronco'. The 'Vim' type abrasive cleaner with which desk Graffiti artists were forced to clean off their creations, was branded 'Briz'

:rolleyes:
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Mull, for miscreants, was Bronco impregnated with Briz?
 
I've just read that a fund (Kiltearn Ptrs.)holding 10% of Carillion shares was about to start legal action on behalf of its members when the firm folded.They had no idea of the likelihood of them actually folding.
 
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Mike Reed said:
Mull, I remember that (b)ucking Bronco stuff at school. It was anusty experience. We used to call it 'Bronto' as it left us with a sore asrse.
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When I was at school it was Izal medicated.We called it super skid. It was very good as tracing paper.
 
I realise this is dragging up a resting thread, but an interesting piece in today's Guardian about a possible explanation? They really aren't fit to run a raffle. https://www.theguardian.com/uk-news...o-stop-watchdogs-checks-on-carillion-projects
Civil servants working for Jeremy Hunt successfully lobbied the Cabinet Office to stop failing Carillion hospital projects from being overseen by an independent watchdog, an official report has disclosed.

A National Audit Office report said the Department of Health intervened in 2015, which meant the Cabinet Office took responsibility for oversight of Carillion’s health construction projects including the Midland Metropolitan hospital. Hunt was health secretary at the time.

Until that point, the construction schemes had been overseen by the Major Projects Authority (MPA), which specialised in monitoring the stability of contentious and expensive projects.
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