An inconvenient fact

In: Uncategorized

2 Aug 2006

An awkward statistic for those who believe America has a free market economy. Evidently Enron – often seen as the epitome of free market capitalism – built its fortune on $7bn of government subsidies. At least according to a review in today’s Wall Street Journal Europe (Jacob Laskin “The welfare state corporate America’s in”). This article is in turn a review of The Big Ripoff by Timothy P Carney (published by Wiley).