Scott: That's a fabulous article pointing out what makes America so great. I was surprised at the upshot stating Bush and cronies are trying to undermine our greatness.
"What distinguishes America is our system's ability to consistently expose, punish, regulate and ultimately reform those excesses -- better than any other. How often do you hear about such problems being exposed in Mexico or Argentina, Russia or China? They may have all the hardware of capitalism, but they don't have all the software -- namely, an uncorrupted bureaucracy to manage the regulatory agencies, licensing offices, property laws and commercial courts
....That is the real George Bush -- a man who trusts his CEO cronies more than the bureaucratic regulators who oversee them. And that's why he brought in the Harvey Pitts of the world to weaken that oversight.
Well, count me among those naive fools with a fundamental belief in the federal government -- not because I have no faith in ordinary Americans, but because I have no trust in ordinary Big Oil, ordinary Enron or ordinary Harken Energy to do the right thing without proper oversight.
If our markets are rattled right now and foreigners are starting to wonder, it isn't just because people are worried about WorldCom or Enron. It's because they're worried about the SEC and the IRS. They are worried about the unique American software, designed to regulate the whole system, being undermined by people who have no real respect for it." |
