Enron Blowout: Corporate Capitalism and Theft of the Global Commons
Synopsis
Did Enron, touted as a leading foreign direct investment (FDI) case, bring any capital into the project at all? What were the ‘errors’ in the contract, and how did each one of those errors benefit Enron? Why did Enron power, which was supposed to cost MSEB Rs 2.40 per unit, finally cost Rs 7.20? What has been the experience of privatization in the power sector in the rest of the world? Are Enron’s sleazy business practices merely the result of the greed of a few corporate bosses? How did a company founded only in 1986 become, by 2000, a global giant claiming more than $100 billion in revenues? What ties bind the bushes—the father George H., along with sons George W., Marvin, Neil and Jeb—and, indeed, many others among the high and mighty in Washington, to Enron?
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