Enron’s Bankruptcy at 15: A Revisionist Political Economy Conclusion

"Enron’s Bankruptcy at 15:
A Revisionist Political Economy Conclusion"

....

I was part of Enron’s layoff the day after the company filed for bankruptcy, fifteen years ago tomorrow. I had been an employee for 16 years, joining HNG-InterNorth  (the name change to Enron came in 1986) in September 1985, more than a year after Ken Lay came over from Transco Energy Company in May 1984.

Enron became a worldview-forming event about capitalism. There are many facets to the business/political economy (or political capitalism) story that deserve a classical liberal analysis. Thus the inspiration of my book series. ....


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Comment by Paula D Kelso on December 4, 2016 at 4:07pm

This quote does it for me:

          "But one must look beyond Enron’s promarket image to actual behavior and true motivation. It is here that a far different view emerges. Enron was a paragon of crony capitalism and a master of politicized regulation. Like no other company in history, Enron leveraged non-market government opportunity in myriad and sustained ways that ultimately came at the expense of consumers, taxpayers, and investors."

Ring any bells? Crony capitalism and politicized regulation are still alive and well, especially here in the pine tree state.

 

Maine as Third World Country:

CMP Transmission Rate Skyrockets 19.6% Due to Wind Power

 

Click here to read how the Maine ratepayer has been sold down the river by the Angus King cabal.

Maine Center For Public Interest Reporting – Three Part Series: A CRITICAL LOOK AT MAINE’S WIND ACT

******** IF LINKS BELOW DON'T WORK, GOOGLE THEM*********

(excerpts) From Part 1 – On Maine’s Wind Law “Once the committee passed the wind energy bill on to the full House and Senate, lawmakers there didn’t even debate it. They passed it unanimously and with no discussion. House Majority Leader Hannah Pingree, a Democrat from North Haven, says legislators probably didn’t know how many turbines would be constructed in Maine if the law’s goals were met." . – Maine Center for Public Interest Reporting, August 2010 https://www.pinetreewatchdog.org/wind-power-bandwagon-hits-bumps-in-the-road-3/From Part 2 – On Wind and Oil Yet using wind energy doesn’t lower dependence on imported foreign oil. That’s because the majority of imported oil in Maine is used for heating and transportation. And switching our dependence from foreign oil to Maine-produced electricity isn’t likely to happen very soon, says Bartlett. “Right now, people can’t switch to electric cars and heating – if they did, we’d be in trouble.” So was one of the fundamental premises of the task force false, or at least misleading?" https://www.pinetreewatchdog.org/wind-swept-task-force-set-the-rules/From Part 3 – On Wind-Required New Transmission Lines Finally, the building of enormous, high-voltage transmission lines that the regional electricity system operator says are required to move substantial amounts of wind power to markets south of Maine was never even discussed by the task force – an omission that Mills said will come to haunt the state.“If you try to put 2,500 or 3,000 megawatts in northern or eastern Maine – oh, my god, try to build the transmission!” said Mills. “It’s not just the towers, it’s the lines – that’s when I begin to think that the goal is a little farfetched.” https://www.pinetreewatchdog.org/flaws-in-bill-like-skating-with-dull-skates/

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We have the facts on our side. We have the truth on our side. All we need now is YOU.

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Vince Lombardi 

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Hannah Pingree on the Maine expedited wind law

Hannah Pingree - Director of Maine's Office of Innovation and the Future

"Once the committee passed the wind energy bill on to the full House and Senate, lawmakers there didn’t even debate it. They passed it unanimously and with no discussion. House Majority Leader Hannah Pingree, a Democrat from North Haven, says legislators probably didn’t know how many turbines would be constructed in Maine."

https://pinetreewatch.org/wind-power-bandwagon-hits-bumps-in-the-road-3/

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