WHERE else could we learn that Mongolia is to sell off its nationalised circus troupe? The Camel Wool Company of Ulan Bator is also coming to market. I know nothing of their wines but it has to be good news that Kosovos vineyards are being privatised. I am heartened to learn the factory that produced those millions of bronze busts of Lenin at Sherematova, near Moscow, is now making busts of great names of the Enlightenment, including my hero Adam Smith.
I learn these little nuggets from my monthly mailing of Privatisation Watch, a newsletter from the Reason think tank in California that eavesdrops on the practice of liberalisation around the globe. It has a bias towards the experiences of North America but it picks up deliciously obscure morsels too.
The French navy is contracting out much of its sub-Arctic island Kerguelen. Private prisons in Arab nations have zero torture and deg-
radation, unlike the state-run ones. Stunted by state-owned monopoly telecom companies, millions in Africa are being liberated by mobile phones and lives transformed.
We ought to applaud the first stock market flotation by this government that of Qinetiq, the Ministry of Defences laboratories, which have now been subjected to the mysterious processes that convert loss-making companies into profitabl