Enron and the Rape of Maharashtra
Krystos,
At the risk of being derisive, re: Perhaps they are stupid as well as malevolent. A simpler explanation might be: it's the free markets at work.
Your first explanation goes a hell of a lot further to explain things. It explained things in the denouement of the Panic of 1877, it explained things in the denouement of the Panic of 1893, it explained things in the denouement of the Panic of 1907 and..... well you get the picture.
Hubris and arrogance are catastrophic and utterly predicable character flaws. They are doing in Ken Laid-off-that-Bet, Jeff Shilling and Andy Fast-One of End Run. The malefactors who are, ummm, "leading" us into the Panic of 2002. The most innovative company of the era. Yeah, right......
As to your nonsensical divertissement about "free markets", all I can say is that that is a non-sequitor to top "military intelligence" and "virgin birth". Thank you for providing such a large measure of mirth and an opportunity to continually marvel at the gullibility of the masses.
For an appropriate understanding of the free market crowd, I would encourage a considered and honest reading of the views of Arundhati Roy. Perhaps the most brilliant writer of our age. Here's where to start to understand why this year is going to be such a surprise to folks like you.
1) Please subscribe to "The Nation". Ms. Roy's discussion of the role of Enron in the rape of Maharashtra State in India is discussed in the Feb. 18, 2002 edition.
thenation.com
It was freely available on the Web last week. Now it is restricted. I hope, because The Nation has a clue that they have a the most brilliant writer of our age on staff. She's a genius, and unlike most in the American nomemclatura, a truly compassionate human being. Not a bleeding heart. A sensible democrat. And someone our apparatchiks do not wish us to consider.....
Some vintage Roy:
guardian.co.uk
guardian.co.uk
I regret I cannot share her brilliant discussion of the duplicity of American business in the tawdry post-colonial episode of Dahbol with you. Get thee to a suitable library or other source (subscribe to The Nation???) and get the content on the Web. It will open your eyes to the fact that colonial exploitation isn't dead, it's transmogrified into the horrors of globalization.
For those with a more Net-centric bent: here's the Indian viewpoint on the Web:
alfa.nic.in
What the heck was Dick Cheney doing selling power at 700% of the best cost in the province? What was Ron Brown doing, selling this thing by "educating" the politicians with large sums of moola? What was our Commerce Department doing strong arming the government in New Delhi?
And finally, what was Colin Powell doing on MTV saying that the U.S. wasn't the "great Satan" of our age? With a straight face, no less.
Free markets, my a$$........
Live free of markets or die, Ray |
