Lack of competitive enterprise among British businesses is a major cause of the country's economic woes. The Labor government does not seem to get this messageand last week two of Britain's most profitable companies were under bureaucratic attack precisely because they are fiercely competitive.
A Curious Bit. The two companies are Procter & Gamble Ltd. and Lever Brothers & Associates Ltd., both subsidiaries of corporationsone U.S.-based and the other an Anglo-Dutch combinethat are at each other's throats around the world. Between them, they control 90% of Britain's $192 million-a-year soap and detergent...
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