Chapter NineCorporate Structure and Power

271

IN DECEMBER 2001, shock waves rippled first through the business world and then through all segments of society. The front-page story of almost every newspaper in every country shifted from the war on terror to another: one of the most dominant and successful energy companies in the world had suddenly filed for bankruptcy. Enron Corp., once celebrated as the leader of a new wave of innovative enterprise, had managed to spearhead the conversion of electricity provision in much of the United States into a privatized speculative commodity, contributing to big energy problems in California while avoiding government oversight. It had also brilliantly contributed toward and then exploited the global deregulation ...

Get Alternatives to Economic Globalization, 2nd Edition now with O’Reilly online learning.

O’Reilly members experience live online training, plus books, videos, and digital content from 200+ publishers.