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the US Congress's "crackdown"


The Economist has an article out that does a good job of summarizing what the US Congress has passed to enact "corporate reform." There is also mention of the broader international impact of the bill, in particular regarding the European Union, which every day surprises me for not reacting more strongly to the US's protectionism and insularity (e.g., rejecting Kyoto, rejecting the ICC, giving more protections to farmers and steel, to name just three.)

Congress passed it, true, and some things they did are important. But it is obvious how much they are still beholden to corporate interests. They needed Enron, Worldcom, Adelphia, Xerox, and all the others to really pile up before they acted. Maybe, with a few more scandals, they will finish the job.

Categories: personal
Posted by diego on July 26 2002 at 5:19 PM

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