[Tribune7]

Well you made dig throught the archives.

This is what I was thinking of. It's from May 12.

[bvw]

Vox Day is an extraordinary writer! What a joy to read him! I wonder where all the readers of extraordinary writers are, ha s the US (dis-) educational system destroyed them all?

Here is what he says:

Much has been written about the failure of capitalism with regard to the chicanery practiced by the executive officers of companies like Enron, Worldcom and Tyco. But it is not the capitalists who were guilty of misdeeds in any of these situations – for in a free market system, it is not the executives who are the capitalists, it is the shareholders.

Management is not ownership. While there is occasionally some overlap between the two, the average CEO holds only a very small percentage of a company's total shares and those only because they have been given to him by the ownership. But America's capitalists have been imprudent to place their trust in a group of mercenaries with no more loyalty to their shareholding employers than had Francesco Sforza to the Visconti of Milan.