"Carl Ellis" wrote in message
om...
"Gig Giacona" wrote in message ENRON


ENRON could have not have happened in a truly free market. It is an
example
of what happens as a market is freed after a long period of artificial
control. Another example is the Russian Mafia.

Deregulation simply gave ENRON the opportunity to game the system. It
all boils down to whether people want to play fair or not. Yes, in
the end the market punished them by dropping their stock price to zero
but only after the government opened investigations. People will
cheat if they believe they can get away with it. The "free market"
does not prevent this.

I believe a truly free market is unattainable - it's a utopian ideal.
Human nature will not allow it.



You are giving too much credit to the government. ENRON's house of cards
would have failed and was in the process of doing so before the
investigation.

I'm not saying there should be know laws. Fraud, theft should be controlled
and punished by the government.

Let's just call it quits and talk about airplanes.

What kind do you have, Carl?