So, Scottish Enterprise has been criticised for a "botched" £14 million IT computerisation project which took three years to deliver and which is now itself being replaced.
Mr Smith has often asked himself the question, why it makes sense to spend hundreds of millions of pounds of public money every year in delivering economic development through Scottish Enterprise and its local off shoots rather than just spending the cash on other public spending priorities. The state and government has a really awful record at picking business winners and propping up business with public money seems to run counter to the entire concept of capitalism.
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