Why you cannot rely on "The Market" to look after us

If you ever needed proof why the market does not self regulate and why rules, laws and governments are needed, take the cases reported today of companies ripping off the public sector (you know the public sector, the one always being slagged off by the private sector as being inefficient) by colluding of tenders for contracts.

Yes, finally evidence has been produced to show that taxpayers are being ripped off be private companies who in some cases pay each other to put in inflated bids !

No doubt some libertarian will be along shortly to tell is that the market self regulates and that this is all a figment of my imagination.