Successive governments have made much of the need to encourage business development as an aid to greater economic prosperity. They have then set about making the business environment increasingly restrictive.
Corporate business is enmeshed in rules and regulations. Of course some of this may be necessary to prevent the development of cartels, dangerous practices and exploitation, but much of it is pure social engineering. Sadly, it seems that Mrs May's theoretically Conservative government is no different to those which have preceded it and is hell-bent on continuing down the same socialist pathway.
There is recurrent talk of requiring companies to have worker representation on their Boards and they are being threatened with having to publicise details of the so-called 'pay gap' between their chief officers and the average pay of their workers. All of this comes on top of the volumes of regulations already in place and which place a huge and restrictive burden on the very 'engines of progress' on which the government is so reliant.
Companies are owned by their shareholders and there is no place for governments to interfere in their management other than in general ways and for the public good at a high-level. Rules and regulations covering supposed equality, pay, working hours, and management style and approach really are no business of government; any government which does introduce excessive regulations in these areas is inherently socialist in nature and to pretend that they are anything else is to perpetrate a fraud on the electorate.
Our public services, the part of our economy most beset by this government control, is crumbling under the weight of regulation and the need to report on every aspect of their activities. Our corporate business sector is already far less efficient and productive that many of its principal competitors; continuing along this road of ever-increasing regulation will see it continue to decline. Socialism does not work; it never has and never will. Why can't a 'Conservative' government understand this ?
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