2014-12-01

The other horrible thing that happened in the US on this day in 2001

2001 – Less than two months after disclosing accounting violations, Texas-based energy firm Enron filed for Chapter 11 bankruptcy, evaporating nearly $11 billion in shareholder wealth.

Amazing to me how Ken Lay got away with never ever getting a conviction on his record.

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My only issue with this is the title.

Capitalism isn't failing. It's already failed. It's been failing for over 250 years.