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Non-Tech : The Enron Scandal - Unmoderated -- Ignore unavailable to you. Want to Upgrade?

To: Raymond Duray who wrote (1195)	2/3/2002 1:23:41 PM
From: bonnuss_in_austin	Read Replies (3) \| Respond to of 3602

'Morning! Yes, caffeine. -g- Have y'all seen this link yet? Posted on BUSH board this morning: time.com bia

To: Raymond Duray who wrote (1195)	2/4/2002 4:22:12 PM
From: greenspirit	Read Replies (1) \| Respond to of 3602

Hello Ray, yes it does look like we see the world differently. :) What I see between the lines of your words is a basic assumption that government bureaucrats are more honorable, trustworthy, less corrupt, and more likely to act in the better interest of the people. I would simply ask this. What evidence do you have in which to base this assumption on? Capitalism and free market forces, combined with limited government regulations aligned to natural principles are what have brought about better living conditions around the world over. Those same forces have also given us a cleaner environment, more individual freedom, and allowed us to generate the capital in which to help people around the world. People, who are still languishing under feudalistic corrupt governmental regimes. If the pendulum has swung too far in one direction, it has swung toward too much government interference, and too much silo thinking bureaucrats controlling our businesses with onerous taxes, and onerous regulations. In the case of Enron, the corrective forces of the market have brought down an underperforming entity. The system has worked. Enron's collapse is a testament to the functioning capitalistic system correcting itself. When government entities fail (as so many do), virtually no corrective mechanism exerts itself. Perhaps this correction would have occurred much earlier had the government not been involved in helping Enron win contracts overseas? Perhaps it would have occurred much earlier if the business of energy didn't have so many costly barriers to entry. Or, perhaps it would not have failed at all, but for their belief of market force immunity due to their political connections. We will never know... What we do know is a large American company has gone bankrupt, and many of the people working there lost their job, and lost their money. Completly protecting against that, would be a far worse economic pill to ingest. Akin to some of the worst government controlling economic systems the world has ever seen.