Head-to-head: should the UK regulator relax listing rules to attract sovereign controlled companies?

Author: | Published: 21 Sep 2017

Q: Should the UK regulator relax listing rules to attract sovereign controlled companies?



Yes


Tim Worstall, senior fellow at the Adam Smith Institute

The Financial Conduct Authority (FCA) is proposing new listing rules for sovereign controlled companies. Nobody quite knows who exactly wants such a new category or not. Given that we're talking about the stock market here, this does seem like a good idea because the markets themselves are how we find out whether anyone wants something. It's the basic underlying reason for using markets at all in fact.

Our basic economic problem is the allocation of scarce resources to meet unlimited human desires and wants. The next step is that those desires and wants are unknown. Sure, we know that people like clothes, shelter, food and all that, but there is no method at all of working out exactly what it is that people want. We can plan...


 

 

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