Enron Quote by Paul Krugman
“I predict that in the years ahead Enron, not Sept. 11, will come to be seen as the greater turning point in U.S. society.”
About This Quote
Source Article: New York Times, “The New Great Turning Point”, 2002
Krugman argues that Enron’s collapse reshaped corporate governance and public trust more profoundly than 9/11.
In simple terms: Enron changed business rules more than 9/11.
Key Takeaway
Study corporate ethics reforms.
Themes
economics
politics
corporate governance
societal change
Mood
critical
analytical
Type
historical
political
When to use this quote
- business school curricula
- policy debates
- media analysis
Key Concepts
regulation
trust
market confidence
Questions to Reflect On
- How did Enron influence later regulations?
- What other events reshaped U.S. society?
A Different Perspective
Focusing only on Enron overlooks other systemic issues.
![“I think everybody is covering their [posteriors] with the Enron scandal and it was very convenient that Sept. 11 came along to deflect the fact that they should never have been in the White House in the first place. What happened in the election was completely corrupt.” quote by Sandra Bernhard](https://sms4smile.com/quotes/img-quotes/db0/sandra-bernhard-3766_convenient_i-think-everybody-is-covering-their-post_72317.jpg)
