Then came the crash. And now, for nearly a year, we have paralyzed the stock markets, as we (with the government's support) have embarked a nationwide hunt for scapegoats.
We've been fouled, and instead of taking the shot, learning our lesson and moving on, we have been limping about, moaning and hoping for sympathy from the referees. We demand that someone be penalized.
Are Enron and Arthur Andersen guilty? Yes. But if we were honest enough to look into our own hearts, we'd find that most of us are guilty, too.
If we want to see prosperity again, we better get up soon, brush off and head down the basepath. Otherwise, if we want to become a soccer country, then we better learn to accept a soccer country's economy.
Michael S. Malone, once called “the Boswell of Silicon Valley,” is editor-at-large of Forbes ASAP magazine. His work as the nation’s first daily high-tech reporter at the San Jose Mercury-News sparked the writing of his critically acclaimed The Big Score: The Billion Dollar Story of Silicon Valley, which went on to become a public TV series. He has written several other highly praised business books and a novel about Silicon Valley, where he was raised. For more, go to Forbes.com. And you can talk back to Silicon Insider via e-mail.