Demise of professionalism

Enron scandal proves that some perspective, and more professionalism, is needed to make deregulation work

It's not only auditors and energy traders who are going to have to talk fast to get out of the corner Enron and Arthur Andersen have backed them into. So will those who advocate free, deregulated markets as the most efficient way to run the global economy. In a few months time, most of us won't remember the details of which documents were shredded when or by whom. But we'll remember the particular taste of this dish long after we have forgotten the ingredients. And we may conclude that deregulated markets are little more than a playground for crooks, that the savings of ordinary people ...