Thursday, March 06, 2003

Bull Moose
Great piece in this week's Fortune magazine. Looks like Senator McCain is making some people in the business world uncomfortable. McCain is now the Chair of the Senate Commerce Committee, which he likens to being a mosquito in a nudist colony. The good news for average Americans is that unlike many of his colleagues on both sides of the aisle, McCain does not cater to a select few interests. He is against too much media consolidation, for expensing of stock options, and wants to investigate corporate corruption.
Preventing media consolidation is crucial to a robust market of ideas, one of the underpinnings of a vibrant democracy. Stamping out corporate corruption and expensing stock options could have the benefit of saving capitalism from itself. Hopefully McCain will succeed.


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