For one thing, Krauthammer faults liberals for their cockeyed optimism about human nature:
Liberals believe that human nature is fundamentally good. The fact that this is contradicted by, oh, 4,000 years of human history simply tells them how urgent is the need for their next seven-point program for the social reform of everything...Liberals suffer incurably from naivete, the stupidity of the good heart.
[begin sarcasm tag] Which, of course, is exactly why conservatives have been clamoring for increased oversight of corporate finance over that last century. [end sarcasm tag] Seriously, the naive belief in laissez-faire economics in the face of tremendous opportunites for greed has led to many of today's corporate scandals, which, need I remind anyone, involves executives not only lying about the condition of their finances but also cashing out before the inevitable crash and leaving investors--who own the company--holding the bag.