THE LAST DITCH

News International's share price is falling. But so is that of BSkyB, its acquisition target. The market says – in effect – that the takeover adds value; that BSkyB is better fully owned by Murdoch. That the politicians are about to exact vengeance for years of having to crawl to a man who could only be ethically superior to the likes of them is destroying economic value. That, gentle reader, is what governments do. What the "eevil" Murdoch does is create it. Neither can be trusted, of course, because they are human. But a society that trusts those who destroy more than those who create deserves its fate.

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Tom is a retired international lawyer. He was a partner in a City of London law firm and spent almost twenty years abroad serving clients from all over the world.

Returning to London on retirement in 2011, he was dismayed to discover how much liberty had been lost in the UK while he was away.

He’s a classical liberal (libertarian, if you must) who, like his illustrious namesake, considers that

“…government even in its best state is but a necessary evil; in its worst state an intolerable one.”

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