Saturday, December 16, 2006

Enron and the Left

The post-modern left claims that power is more important than reason, and alas, Enron was a power company. Its chairman, Ken Lay, sought political power in Washington rather than focusing on management of his firm. Post modernism claims that social construction defines our perception, and indeed, social perception defined Enron's success which was not real for at least several years before its public demise. Enron rejected reason, much as post-modernism rejects reason, and its managers believed that they could construct a perpetual pyramid scheme based on social belief rather than truth. They were wrong. Enron failed, just as any social scheme that the post-modern left advocates will fail.

Like the New Left, Enron fell because it had no empirical support. The belief in power is not the same as empirically-derived rules of law. Substantive truth will win out over popular delusion, and if popular delusion, the ideas of the left, prevail, then our society will die. Liberalism and the new left avoid rather than address reality.

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