Enron Blowout: Corporate Capitalism And Theft Of The Global Commons

by Vijay Prashad Prabir Purkayastha, Vijay Prashad

In one of the most spectacular bankruptcies of our times, the gas and energy giant Enron went bust in late 2001. Many thought that for India, this is the end of the Enron story, that we can simply get out of the disastrous Dabhol deal. They are wrong.Did Enron, touted as a leading foreign direct investment (FDI) case, bring any capital into the project at all?

120 pages, Paperback

First published January 1, 2002

Reviews

[Kiran Hegde · Rating 3 out of 5]

A good read on how crony capitalism works. The hype then, rather still now that privatization and Foreign Investment can and will always bail us out of our current misery is fully exposed. The sad part we will never learn lessons from our past mistakes. Can you imagine the much hyped Enron Project, then touted to be the biggest Foreign investment, in fact didn't bring in a single investment, but took debts from our domestic institutions before burdening with non - performing assets and bankrupting the state Electricity Board.