The BBC

James Murdoch, heir to the Murdoch Empire, which the more observant of you may now have noticed has an outpost very near our school (the New International printing plant) has launched an attack on the BBC describing their power in the market as 'chilling' and - rather unconvincingly - tried to compare them to creationism, whereas Sky are the Darwinists. Please leave a comment if you understand the metaphor: I didn't.

Again, this is an interesting topic for Economists. Who provides the best television? Which market system will work best? The BBC (hmmmm, yes) or Sky (hmmmm, no). But then look at America. HBO produces some of the best TV in the world and that is because there is no BBC. James Murdoch argues that the BBC represents unfair competition. It is paid for by what we call a hypothecated tax (definition from The Economist here) and prevents private companies like Sky charging for such things as on-line content.

See his attack on the BBC here