A blog that starts with an exceptional opening paragraph, alluding to the need to juxtapose Market and Government failures and tease the truth out...in various cases...but ends somewhat disappointingly in declaring that it would venture into only one side of the story, i.e. the failure of governments.
Of course, the failure of a market is a failure of a government, in failing to provide the preconditions for good working of the market. But the failure of a government is also explained by a difficult market in which there are only a few players, who would ultimately swing the policy to their favour, or else, undermine the government into resignation.
Yet I look forward to your blog!