Enron and the California Energy Crisis

Paper Summary:

This political study examines the political dimensions of the Californian Energy Crisis and the fall of Enron. By realizing the serious issues of energy monopolies and the problem of regulation in the state and national political arena, one can understand how little is being done to prevent a crisis in an unregulated free market economy. The writer looks at a lack of government prevention and regulation issues that caused the major energy crisis in California, the lack of political responsibility by the Bush Administration, Gray Davis, and Governor Schwarzenegger that all help to support criminal and unethical business practices in politics.

From the Paper:

"In this paper, the state, federal, and corporate conflict of interest during the Californian Energy Crisis is a major issue involving a serious breakdown of democratic principles. Through the external actions of Gray Davis to fight the deregulation principles of the Bush Administration; he invariably supported Enron's power to demand prices and keep the government from stopping price gouging. This form of cross party political approach defines a ruling elite that does not follow party politics, but will serve the corporation that lobbies them at the highest price. "

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• Essay # 43926 : "California Energy Crisis"
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