The opponents of capitalism believe they have found a one-word refutation of its merits: Enron. Speaking at the World Economic Forum, for example, George Carey, the Archbishop of Canterbury, said that this one word introduces a "big question mark over capitalism" and demonstrates that it must "operate within boundaries," by which of course he means the State. Are we supposed to believe that before Enron, Mr. Carey was all for corporate capitalism? His comments introduce a big question mark over how closely he reads the business pages. The failure of Enron illustrates many things: that government-mandated audits of publicly held … Continue reading Capitalism on the Hot Seat