Re: RE: Re: Re: RE: Enron's Success Story

[Doug Henwood <dhenwood@xxxxxxxxx>]

Max Sawicky wrote:

> The mere fact of a company failing,
> even a large one, is not a market failure.

I'm away on an inter-holiday retreat, and only sporadically checking
email, so someone else may have made this point already. No free
marketeer would ever regard a big failure as an indictment of The
Market. On the contrary, it's a sign of success - the forces of
competition punishing a loser, as things should be in this war of
each against all. Only softies and central planners want to prop up
the failing.

If you're going to fight an ideological opponent, you should have
some sense of what the opponent thinks.

Doug