Taro,
Re: Enron was IMO not a corporate entity but a small empire, Like we see - or just saw - in Russia of today.
What you saw there is not typical of healthy and creative capitalistic developments.
Hmmm, Enron had plenty of co-conspirators in the effort to defraud West Coast ratepayers in the phony electricity "crisis" of 2000-1. Other companies that were convicted or suspected of fraud include the El Paso (natural gas pipeline) Company, Reliant Energy, Mirant and others. Heck, there's a thread devoted to this misbegotten mess here on SI:
Message 20952763
For you to suggest that Enron was an aberration rather than a ringleader of a virulently criminal conspiracy among a number of power marketers and IPPs is a very naive view of the situation.
***
You are probably not going to like the message at CorpWatch, either. Here we examine the nature of American capitalism as a cancer upon the wealth and people of Iraq:
warprofiteers.com
See today's interview with CorpWatch's Pratap Chatterjee:
democracynow.org
After reading and watching, you might begin to agree with me that the feral and criminal nature of capitalism is starting to strain at the comforting myth about what is typical about capitalism. "Healthy and creative" would not rise very high in pantheon of adjectives describing the operations of crony capitalists in America today.
Enron, Worldcom, Adelphia, Health South, Arthur Anderson, Tyco, Global Crossing, McKesson, etc. You know, after a while protests that capitalism is noble and decent begin to ring hollow. |
