"As United States attorney for the Southern District of New York, Giuliani saw white-collar crime as a product of personal immorality, and he went after the perpetrators with relish. Spitzer tends to see wrongdoing as the product of both moral failing and lousy incentives. In Spitzer's mind, the reason the power plants produced too much pollution wasn't that their owners were evil; it was that neither they nor their customers were forced to pay the cost of polluting. Spitzer wasn't looking to put the utility companies out of business. He just wanted the loophole closed." ...
Wonderful article in the NYT about Eliot Spitzer, who may well be the next governor of New York. And it's not just about him; it gets into a lot of stuff about democrats generally/in the past few years/since Clinton. Click post title to read. But you might have to register, which is so lame.
