A most odd view of markets:
New \’gas guzzling’ cars should be banned across the European Union, the former head of Shell has said.
Sir Mark Moody-Stuart said the sale of new cars which do less than 35 miles per gallon (mpg) should be outlawed for environmental reasons.
The hilarious thing is that he thinks this is a market solution:
Sir Mark, who is currently chairman of the mining group Anglo American, said his years in industry had taught him that the market would provide solutions if governments demanded them through tough legislation.
The point being of course that a legislative solution is not a market solution.