Enron Neoliberalism

The corporation is not made up of good and bad companies, it is one big, bad apple. The power of corporations in society has been dominate for a long time and especially since neoliberal policies, designed to curb inflation, strip away regulation, and privatize, took hold in 1980 (Bakan). Many corporations grew to have massive power and dominance in the market and on a political scale. Enron Corporation, during its prime, was no exception. Although Enron Corporation had grown to be one of the most innovative and powerful corporations in America, it fell hard due to lack of honesty in reporting finances. It fell because there was a lack of regulation, no one to watch the company’s top executives as they took advantage of the free market all to make a profit. Before the downfall of the Enron energy company, it was known as …show more content…
In the late 1970’s, when Carter was president, America was experiencing extreme stagflation where there was great inflation as well as zero rate of economic change, a stagnant economy. This resulted in the US, as well as Britain, turning to neoliberalism in hopes of changing the economy’s current condition (Harvey). While neoliberalism is interpreted by Harvey as, “a political project to re-establish the conditions for capital accumulation and to restore power to the economic elites”, which is exactly what neoliberalism does, advocates for neoliberalism were focusing on the idea of freedom to get many Americans to believe that this was the way to go. Not only this, but neoliberalism proposed the bettering of the population’s lives by “liberating individual entrepreneurial freedoms”, widely through a deregulated market and trade (Harvey). When Ronald Raegan became president, defeating Carter, he turned much more eagerly to neoliberalism than Carter had been (Harvey). An era of deregulation on corporations took off full