The Corporate Executive Confidence Game
Nov. 23rd, 2007 07:53 am♠
Krugman discusses the perverse incentives that have been allowed to fester in corporate America since the Reagan years, and which encourage the kind of financial scandals we are seeing anent subprime mortgages, and which we have seen in years past as in the case of Enron. Our executive ranks are not sufficiently reigned in to help keep capitalism as healthy as it can be. What our would-be moral leaders like to point out to the masses also applies even more to those in power: freedom must come with responsibility.
( Krugman excerpt )
xXx
Krugman discusses the perverse incentives that have been allowed to fester in corporate America since the Reagan years, and which encourage the kind of financial scandals we are seeing anent subprime mortgages, and which we have seen in years past as in the case of Enron. Our executive ranks are not sufficiently reigned in to help keep capitalism as healthy as it can be. What our would-be moral leaders like to point out to the masses also applies even more to those in power: freedom must come with responsibility.
( Krugman excerpt )