Tim Ambler is Senior Fellow of the Adam Smith Institute.
The Tame Tigers Association promised good behaviour so the zoo-keepers removed the bars and let the tigers mingle with the visitors. Unfortunately a number of visitors were then eaten. The media blamed the tigers and MPs summoned them to appear before a select committee. The public were all agreed on how bad tigers were and tiger-bashing became everyone’s new sport.
But perhaps it was the zookeepers who should have been blamed. After all, it seems pretty inept not to maintain adequate security around a tiger.
In discussions on the causes of the financial crisis and wrongdoing by bankers, the view that the zoo-keepers, namely the Financial Services and other authorities, should have kept a better eye on their charges gets scant attention. Yes, the banks need to be put back into a more contained structure but first we need at least to re-educate, and maybe replace, the bureaucrats.