Enron essay

A common justification for abuse of short term thinking is the fake perspective defense. The wise, but less confident guy says “hey are you sure we should be doing this?” And the smart, confident, but less wise guy says “of course. We did this last time, and the time before that, so why shouldn’t we do this again?” This is the fake perspective defense because there’s no reason to believe that 2 points of data (. last time plus the time before that) is sufficient to make claims about the future. People say similar things all the time in defense of the free market economy, democracy, and mating strategies. “Well, it’s gotten us this far, and it’s the best system we have”. Well, maybe. But if you were in that broken down Winnebago up to your ankles in gasoline from a leaking tank, smoking a cigarette in each hand, you could say the same thing.

The political implications don’t stop there. An elite education not only ushers you into the upper classes; it trains you for the life you will lead once you get there. I didn’t understand this until I began comparing my experience, and even more, my students’ experience, with the experience of a friend of mine who went to Cleveland State. There are due dates and attendance requirements at places like Yale, but no one takes them very seriously. Extensions are available for the asking; threats to deduct credit for missed classes are rarely, if ever, carried out. In other words, students at places like Yale get an endless string of second chances. Not so at places like Cleveland State. My friend once got a D in a class in which she’d been running an A because she was coming off a waitressing shift and had to hand in her term paper an hour late.

We have been here before—with the tales of Enron,  Volkswagen ,  ExxonMobil , BP and several other such corporations that made considered choices to pursue private profits at the expense of public risks and losses. They all have recurring themes that revolved around the DNA of “ Corporation 1920.”  We must address these recurring corporate traits through appropriate legislation while improving citizen education in order to tackle the demand and supply sides of our  Corporation 1920 challenge. To build an inclusive green economy of permanence, one that works for everyone, we need  Corporation 2020 . Its time is now.

Enron essay

enron essay

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