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IN THIS BULLETIN...
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BUT FIRST...

Each year, the Washington Post asks readers to take any word, alter it by
adding, subtracting, or changing ONE letter, and supply a new definition.
I enjoyed this year's winner:

INTAXICATION: Euphoria at getting a tax refund, which lasts until you
realize that it was your money to start with.

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EVENTS: Full list on http://www.adamsmith.org/policy/news/forward.htm
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Well, I listed dozens of our events last time, so if you didn't read them
I've no sympathy, and you'll have to look up our online Forward Diary pages
to find out what's happening. But here are a few highlights:

Bjorn Lomborg Lecture, 26 February
**********************************

According to BJORN LOMBORG, 'The Skeptical Environmentalist':
- The world is not becoming overpopulated.
- We will be able to feed everyone.
- The level of human welfare is improving.
- The world is not running out of energy and other resources.
- Pollution and other environmental degradations are not increasing.
- Global warming is probably not caused by human activity.

Surprised? Hear his explanations yourself at the Adam Smith Lecture. Ask
steve@adamsmith.org for info. Meanwhile, skim his famous book:
http://www.amazon.co.uk/exec/obidos/ASIN/0521010683/adamsmithinstitu

Power Lunches: Ask steve@adamsmith.org for info
***********************************************

RICHARD BOWKER, Strategic Rail boss (if still in a job), 28 Jan
SIR ROY MCNULTY, CAA boss (in his job for another 4 years), 5 Feb
THERESA VILLIERS, MEP critical of the Euro Constitution and more), 13 Feb
DENIS TUNNICLIFFE, UK Atomic Energy Authority boss, 18 Feb
JEFF RANDALL, charismatic BBC biz editor, 25 Feb
STEVE BUNDRED, new CE of the Audit Commission, 2 March
Coming up: lunches with minsters PAUL BOATENG MP and DR JOHN REID MP.

Breakfast briefings: Contact asi@chrislambert.org for info/invites
******************************************************************

* PROF IAN FELLS (Energy prof), BILL GRAINGER (AMEC Wind), COLIN MORGAN
(Garrard Hassan), 24 February
* ROBERT WARDLE, SFO director, 26 February

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THE WEEK IN WEBLOG: Think and write on http://www.adamsmithblog.org
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FATHEADS: Tim Ambler of London Business School says that the Food Standards
Agency's attack on food advertising shows what fatheads they are
http://www.adamsmithblog.org/archives/000205.php

GETTING OUT: Forget 'user panels', 'voice', and the rest. The best way to
improve public services is to let people exit them when they're no good
http://www.adamsmithblog.org/archives/000202.php

GOODBYE, RULE OF LAW: The Home Secretary's twisting of the law to keep
Maxine Carr in jail reveals a government with no feeling for justice
http://www.adamsmithblog.org/archives/000200.php

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HOTSPOTS: Stuff and people we think are interesting
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2004 Freedom Index
******************
The Heritage / Wall Street Journal 2004 Index of Economic Freedom makes
interesting reading. It's a country-by-country measure of economic freedom
and shows that the most free countries are also the most prosperous. The
top scorers -- in terms of free trade, low burden of government, a
liberalized financial sector, property rights, and low regulation --
also  enjoy higher living standards.

I suppose the trouble with the rat-race is that, even if you win, you're
still a rate, but it's disappointing to see the UK continue to slip down
the table, being overtaken by the fast-growing, free-market Estonia.

And I would also point out that anywhere ending in -stan is pretty grim
(except that I could probably get jailed for racism by saying it).

The Most Free                   The Least Free
--------------------            ---------------------
Hong Kong (1st)                 Tajikistan (146th)
Singapore (2nd)                 Venezuela (147th)
New Zealand (3rd)               Iran (148th)
Luxembourg (4th)                Uzbekistan (149th)
Ireland (5th)                   Turkmenistan (150th)
Estonia (6th)                   Burma (151st)
United Kingdom (7th)            Laos (151st)
Denmark (8th)                   Zimbabwe (153rd)
Switzerland (9th)               Libya (154th)
United States (10th)            North Korea (155th)

www.heritage.org/research/features/index/pressReleases/overallRelease04.html

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STATE COMPLAINT: More Westminster scandals from http://www.ePolitix.com
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Bismarck said that anyone who likes laws or sausages should never watch
either being made. But it's not all bad news this time. I see that a South
African company has won a contract to do 40,000 cataract ops on the NHS,
using million-pound mobile theatres. Great. But on the other hand...

Cash down the drain
*******************
MPs have flayed the Revenue for failing to recover billions in tax fraud:
though a big problem, it managed only 60 prosecutions last year.
* We have a breakfast briefing with the head of the SFO coming up. See:
http://www.adamsmith.org/policy/news/forward.htm

Britain is no longer the most subsidy-averse member of the European Union,
thanks to our hand-outs to Network Rail and British Energy.

As many as 14 Lords ministers claim 28k a year to pay for second homes in
the country. (The original idea was to help MPs keep a home in London!)

Stephen Byers wants free childcare for poorer families, in order to
redistribute wealth. Could redistribute quite a lot of it, I'd say.

We'll be shelling out 250 grand a month for the Dome for three years after
it is taken over by the private sector -- and then some, it transpires.

The European Commission grandly plans to spend 688 billion pounds over the
next seven years. If you've got it, flaunt it.

Government isn't the answer
***************************
The government Delivery Unit says that the PM's key reforms on education,
crime and (especially) transport have made only mixed progress.

Lord Barnett, of the 'Barnett Formula' which gives more money to Scotland,
says the system is "increasingly unfair" and "a great embarrassment".

MPs will take Fridays off and work a four-day "family-friendly" week under
new government plans. What about the rest of us with families, then?

The Home Secretary has intervened to keep Maxine Carr in jail -- distorting
rules that his own government introduced. See our blog on this at:
http://www.adamsmithblog.org/archives/000200.php

Axa Insurance are moving 700 call-centre jobs to Bangalore, while the Abbey
is cutting another 400 from its offices in northern England.

A Core Cities Group study says that British cities "are not yet in the
premier league" and are losing investment to their continental rivals.

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AS ADAM HAD IT...
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I think I might just have discovered where government provision of public
services too often goes wrong:

"It is the interest of every man to live as much at his ease as he can; and
if his emoluments are to be precisely the same, whether he does, or does
not perform some very laborious duty, it is certainly his interest...either
to neglect it altogether, or to perform it in [a] careless and slovenly a
manner..."
Adam Smith The Wealth of Nations, Book V, Chapter I, Part II, Article II

e

Dr Eamonn Butler, Director
Adam Smith Institute, 23 Great Smith Street, London SW1P 3BL, UK
E-mail butler@adamsmith.org - Visit us online at www.adamsmith.org
Tel +44 (0)20 7222 4995 - Fax +44 (0)20 7222 7544

To unsubscribe, visit www.adamsmith.org/lists.htm





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