the CAMP ENRON Report


CAMP ENRON:
... gateway to the next Progressive Era?

Some say it's nothing but a train wreck ... roll in the big cranes, clear the track, see what the crew's been smoking. If I thought so, I'd not be writing this ... and if they thought so, they'd not be drumming so hard.


For a brief orientation, see this
Welcome to Camp Enron

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Camp Enron Archives
01/01/2002 - 02/01/2002 02/01/2002 - 03/01/2002 03/01/2002 - 04/01/2002 04/01/2002 - 05/01/2002 05/01/2002 - 06/01/2002 06/01/2002 - 07/01/2002 07/01/2002 - 08/01/2002 08/01/2002 - 09/01/2002 06/01/2003 - 07/01/2003

NOTE to READERS:
(2) All "major" articles of older material have now been imported, some with updates worth perusing. We'll keep it all on the main page for a while, will add a few loose pieces of history, will trim the main page and index the archives for convenience later.


OUR DEPARTMENTS:

the COGENT PROVOCATEUR:
free agent, loose cannon, pointy stick ... taking an imposing analytic toolkit out of the box, over the wall and into the street ... with callous disregard for accepted wisdom and standard English

reading the tea leaves from original angles, we've led with uncannily prescient takes on the federal surplus, the dotcom crash, the "Energy Crisis", the Afghan campaign, the federal deficit.

More where those came from ... stay tuned.


For brief orientation, see this
Welcome to CP


CAMP ENRON:
... gateway to the next Progressive Era?

For a brief orientation, see this
Welcome to Camp Enron

OTHER GOOD STUFF:
Many thanks to Tony Adragna and Will Vehrs, still shouting 'cross the Potomac at QuasiPundit. Early Camp Enron material can be found in QP's Dispatches department.
Wednesday, March 20, 2002

 
--- Enron Affair RESOLVED!!! ---

"RESOLVED: The Enron Affair is the Logical Result of Deregulation" ... A formal debate, moderated by WSJ's Al Hunt, at National Press Club today, 5:30.

Robert Kuttner (The American Prospect) and Robert Borosage (Campaign for America's Future) for the Left; Grover Norquist (Americans for Tax Reform) and Bruce Bartlett (Columnist, The Washington Times) for the Right. True to Dumbell Configuration traditions, the advocates are outward exemplars of their respective polarities, and will probably fall into gratuitous off-topic sniping.

The resolution itself is premature ... it will take years of forensic reconstruction before we can say with any certainty how much responsibility to assign to deregulation, versus conventional securities fraud, self-dealing, irrational exhuberance, acts of god, and so on.

I've already laid out much of my surmise of what we'll find when the evidence is in:
(1) Long before it became a financial disaster -- and independent of that disaster -- Enron was a wildly successful criminal conspiracy to create and manipulate certain deregulated markets (aided and abetted by the politically fashionable but economically unfounded popularities of certain deregulations).

(2) Enron's financial failure was triggered -- with ironic justice -- by the collapse of an overprovisioned broadband fiber-optic industry which would never have executed this capital-destroying ballistic trajectory if it had matured under time-proven principles of common carrier network economics (including regulation and other government interventions).
C-SPAN willing, I'll attend today's premature slugfest with interest, and may share a few comments in days following.