The Profits of Blame

Cristina Fernández de Kirchner, President of Argentina, at Mar Del Plata

Theodore Dalrymple has written a wonderful essay for the New English Review that starts with this:

W ho is more to blame, asked the seventeenth century Mexican nun, Sor Juana Ines de la Cruz: he who sins for pay or he who pays for sin? It is not an easy question to answer.

It's mostly about a couple of big financial messes that have been in the news recently: Argentina and HP. It lays out the situation with the utmost clarity.