| |||||
|
[ Tuesday, Jan. 22, 2002 ] Letter to the Editor
Laissez-faire capitalism would have felled Enron
Before Enron becomes capitalism's whipping boy, it must be noted that Enron was not a product of the honest free-market. If we lived in a system of laissez-faire capitalism, as opposed to a "mixed economy," Enron would have been weeded out before it did the damage it did. Enron's success was not due to its ability to grab the largest market in the open competitive market; instead it was the product of political favors. Enron grew its corporation by doing things such as levying strict regulations on businesses, which stifled smaller companies chance to compete. Enron was a proud advocate of sensitivity to global warming, and their motives were not to stop Canada from melting. Enron kept its hands in the legal process, guiding laws that helped the company and hurt others. The more well-known tactic of Enron was defrauding stockholders. These methods, force and fraud, are how Enron built its house. If it weren't for the hundreds of laws that do-gooders have managed to squeeze into our legal system, Enron, who was incapable of sustaining itself by honest means, would have been weeded out long ago long before it did the damage it did. Despite Marxist class-warfare rhetoric, Enron is not an example of a flaw with capitalism. The problem is not the free-market; the problem is government intervention. The only way to prevent future situations like this is to convert to a system of laissez-faire capitalism in which the initiation of force and fraud are banned from society. Amber Pawlik
senior-industrial engineering
| ||||
|
Blogs
About
Contact Us
Back Issues
Advertising
Copyright © 2008 Collegian Inc.
Updated: Monday, January 21, 2002 8:00:03 PM -4
Requested: Sunday, October 12, 2008 5:11:23 PM -4 Created: Wednesday, May 07, 2008 6:36:13 PM -4 | |||||