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This is an 'unfair competition' argument right up there with one I saw deployed against a major 'Social Enterprise' in London which was pitching for a new bus route. The case was that it was 'unfair' that the firm didn't have to pay returns to shareholders.....

So they are admitting that running not-for-profit is a superior business model for getting things done as oppose as to extract money out of the enterprise...

The brainless should not be in banking -- Willem Buiter

by Migeru (migeru at eurotrib dot com) on Tue Apr 27th, 2010 at 04:54:14 AM EST
[ Parent ]
....of course they didn't quite put it that way....

"Any economic unit can emit money. The serious problem is to get it accepted" Hyman Minsky
by ChrisCook (cojockathotmaildotcom) on Tue Apr 27th, 2010 at 05:32:05 AM EST
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