While the moral instincts of the Bush administration are to be lauded, the thought that the welfare state apparatus that decimated the family life of the poor could now be employed to foster sound marriages and responsible fatherhood approaches the absurd.
I was pleasantly surprised by the manner in which the participants at the recent World Economic Forum discussed the topic of globalization. Interestingly enough, many of the reported discussions centered on the moral, not economic, issues involved in the globalization of the world economy.
The reality is that the most fundamental reforms needed deal with those individuals charged with the governance of a company, and these are the tough reforms that no amount of regulation can enforce.
Enron executives defaulted on more than loans. More significantly, they defaulted on their responsibility and accountability to shareholders and customers.
New York's Attorney General Elliot Spitzer, in offering his remarks on the proposed relaxation of the “new source review” provisions, provides a small glimpse into the larger campaign against the energy industry.
The U.S. Senate and the Bush administration cannot accomplish through legislation what the market can do on its own: create an adequate and appropriate stimulus for the U.S. economy.