Wealth of the Nations Viewers

The Adam Smith Institute has released this report saying that the licence fee should be abolished and that the BBC should become a subscription service. We could not agree more.

Here are some quotes from the report:

• The UK’s current model for broadcast regulation is exhausted.
• Universal broadband and the Internet make a "licence" to broadcast obsolete.
• However, the BBC remains committed to its subsidy status. It invests heavily in opinion management and has systematically captured its regulators.
• This report proposes voluntary subscription as an alternative funding model.

This is an excellent report and I shall be systematically cherry picking from it for the next few days.