[lbo-talk] Arthur Levitt, Jr. & the Carlyle Group

Joseph Wanzala jwanzala at hotmail.com
Fri Feb 20 15:29:48 PST 2004


no, that capitalism is rotten and absolute capitalism makes even good people absolutely rotten, no matter how nicely they may try to behave.


>From: Doug Henwood <dhenwood at panix.com>
>Reply-To: lbo-talk at lbo-talk.org
>To: lbo-talk at lbo-talk.org
>Subject: RE: [lbo-talk] Arthur Levitt, Jr. & the Carlyle Group
>Date: Fri, 20 Feb 2004 17:48:08 -0500
>
>Joseph Wanzala wrote:
>
>>http://www.fromthewilderness.com/free/ww3/022004_levitt.html
>>
>>WHY I JOINED THE CARLYLE GROUP AND OTHER REVELATIONS FROM FORMER SEC CHAIR
>>ARTHUR LEVITT, JR. - by Suzan Mazur
>>– Two and half years after September 11 th and a year and half after a
>>series of corporate accounting scandals which destroyed hundred of
>>billions in shareholder and pension equities, the man regarded as a
>>paragon of virtue discloses in a semi-private talk why he chose to join
>>one of the most vilified companies in America. He also discloses some
>>parts of his background that call into question his reputation. If you've
>>wondered why it's so hard to change the way money works, you need only
>>look at the cynicism of Levitt's remarks and see his belief that we don't
>>understand what he has told us.
>
>So capitalism would be groovy if only we could make people behave nicely?
>
>Doug
>
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