Behind the crisis in corporate America is a combination of pernicious Southern conservatism and unadulterated greed, argues Will Hutton. The US faces a grave economic crisis. The confidence in the balance sheets and reported profitability of American companies has been shattered by an orgy of unprecedented corporate fraud, plunder and malfeasance that has demanded the connivance of its most reputable accounting firms, business leaders and banks. Only last week news broke of the biggest ever accounting fraud in history at WorldCom, to be followed days later of an epic accounting swindle at Xerox. Before them has been a string of...