Lest We Forget

We live in the Age of Enron,  Thomas Frank remind$ us.

Components of increasingly frequent scandals as per the Enron template, to wit:

  1. “relentless hostility to regulate”,
  2. “capture of the private sector’s oversight mechanisms”,
  3. “distinctively truculent culture of the trading floor”
  4. “a sort of unconscious journalistic perversity”,
  5. we will not get it” and “convince ourselves that these terrible things happened to us because markets are not free enough“.

Banking crisis, anyone?

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