Punishing failure

Sir: Once I finished chuckling at Neil Brown’s words on Christopher Pyne’s NPC plan for encouraging innovation in this country ( Brown Study, 23 Jan.) it occurred to me that joking aside, the actual sentiments behind the waffle are actually sound. I didn’t hear or read any transcript of Pyne’s speech, but it sounds like that in his typically clumsy, inept, gormless, ham-fisted and clueless politician’s way, what Pyne was advocating was something like a US-style Chapter 11 bankruptcy regime for business.