WikiLeaks to Take on Private Sector?
The Daily Bell – by Staff Report
WikiLeaks plans to release thousands of internal documents from a major U.S. bank in early 2011, Forbes magazine reported on Monday. Julian Assange, the founder of the self-proclaimed whistleblower website, told Forbes: “We have one related to a bank coming up, that’s a megaleak. “It’s not as big a scale as the Iraq material, but it’s either tens or hundreds of thousands of documents depending on how you define it.” He compared the planned release to emails unveiled after the collapse of energy giant Enron Corp. … “You could call it the ecosystem of corruption,” Assange told Forbes during an interview in London, but refused to provide details about the bank. “It’s also all the regular decision making that turns a blind eye to and supports unethical practices: The oversight that’s not done, the priorities of executives, how they think they’re fulfilling their own self-interest.” Forbes, which described Assange as a moral ideologue, a champion of openness and a control freak, said he pondered on a “cute name” for these “big-package releases,” finally settling for “megaleaks.” “These megaleaks … they’re an important phenomenon. And they’re only going to increase,” he claimed. – TheHindu.Com
Dominant Social Theme: The banks are the problem. Re-regulate private industry and do it fast.
Free-Market Analysis: We really want to give Julian Assange the benefit of the doubt. We want him to be heroic, someone who is singlehandedly turning around the authoritarian trend that is sweeping the world. We believe he could be the courageous man he seems to be. But here at the Bell, we are professional meme watchers, and we can’t help but be contrarian.