Unacceptable face of capitalism?

[Yoshie Furuhashi]

At 12:34 PM -0500 6/30/02, Peter K. wrote:
>During booms, corruptions do not attract attention; they, in moderate
>doses, are probably welcome to businessmen, as corruptions oil the
>creaky machinery of business transactions.  During busts, though,
>corruptions become unmanageable, turning into scandals.
>--
>Yoshie
>--
>Are there any history books documenting this? The magnitude is
>certainly new. I keep hearing and reading the phrase "corporate crime wave"
>in the corporate media. Did they react similarly to the Savings and Loan
>scandals in the 80s?

I wasn't in the States during the 80s, so I wasn't regularly reading 
US media then.

The comparison I had in my mind was a spate of criticisms of "crony 
capitalism" and the like in the wake of Asian economic crises.  Busts 
bring corruptions out in the open.
-- 
Yoshie

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