Rachel Marsden

Frankly, I've about had it with the "old boys" -- not as a woman, but as a true capitalist and defender of a free, unfettered and genuinely competitive market. How about the old boys getting their hands off each other's backs and behinds and getting onto an even playing field with everyone else? Because the defense of the very principles of capitalism itself is much more important than the defense of wealth -- and G4S has managed to put both at risk.

Free-market capitalism didn't fail the Olympics. Rather, a lack thereof appears to be the real problem. Putting hundreds of millions of dollars in a single contractor's basket without clear and transparent justification for doing so, particularly if the contractor hadn't displayed an overwhelming track record of excellence vis-à-vis its competition -- and G4S hasn't exactly bolstered its case with the current state of affairs -- was a recipe for disaster. Choosing transparency early often keeps it from being imposed later. The law of natural selection will always prevail in the free market. The only real question is how many "old boys" it will eventually take out with it.

And for the many exploiting this window of opportunity by calling for less privatization and more government control over security and other matters, one need only point to the government border officers at Heathrow, who have reportedly let several known terror suspects on the Home Office watch list into the country just in time for the Games.

Rachel Marsden

Rachel Marsden is a columnist with Human Events Magazine, and Editor-In-Chief of GrandCentralPolitical News Syndicate.
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