Ayn Rand’s libertarian “Groundhog Day”: Billionaire greed, deregulation and the myth that markets aren’t free enough
"I am sure that the next few corporate scandals and financial crises will be just as shocking and unforeseen as were their predecessors. Of course, we have no way of knowing what those particular disasters will be until the day they crush our 401(k) accounts or ring the Fed’s bailout bell. But we can predict their broad outlines, thanks to the template provided by Enron.
The primary component of the modern scandal is deregulation, either by law or by the de facto dumbing down or hacking back of the supervisory offices of government."
