Too Big to Fail
Too Big to Fail
There were laws made about how big a company could get. They are called anti trust laws. These have not been enforced in my lifetime. The Ma Bell was broken up. Microsoft got a small slap on the wrist.
I can get with the Republicans on their idea that we need to trust the market, if only we didn’t have so many institutions that are too big to fail. Even the Republicans saw that the banks were too big to fail. They invested over a trillion dollars in banks so that they wouldn’t fail. It remains to be seen whether that money will a. go to fix large banks’ bottom lines, or 2. go to bankers who already have an unconsiounably large wage.
Too big to fail. A failure of government to enforce existing antitrust laws, not to mention to keep up with our rapidly expanding tech sector.
Republicans could get away with complaining about too much government interference if they remained upbeholden to large interests. In the current business climate there are many big players with interests that the government upholds, Republican and Democrat alike. I do not see that Republicans have a leg to stand on when they say government should not be involved.
Government is way involved in propping up and making laws favorable to the “too big to fail” institutions. That is how we got into the current economic downturn in the first place.
If the federal government had enforced existing laws, the economic downturn would not be as severe. If the government was able to allow new business with new ideas into the economy, things would be brighter. Growth areas have been in weapons and war and in the disastrous War On Drugs.
There has not been a balance of guns and butter. (As we used to say) Guns have gotten most of the pie.
There were laws made about how big a company could get. They are called anti trust laws. These have not been enforced in my lifetime. The Ma Bell was broken up. Microsoft got a small slap on the wrist.
I can get with the Republicans on their idea that we need to trust the market, if only we didn’t have so many institutions that are too big to fail. Even the Republicans saw that the banks were too big to fail. They invested over a trillion dollars in banks so that they wouldn’t fail. It remains to be seen whether that money will a. go to fix large banks’ bottom lines, or 2. go to bankers who already have an unconsiounably large wage.
Too big to fail. A failure of government to enforce existing antitrust laws, not to mention to keep up with our rapidly expanding tech sector.
Republicans could get away with complaining about too much government interference if they remained upbeholden to large interests. In the current business climate there are many big players with interests that the government upholds, Republican and Democrat alike. I do not see that Republicans have a leg to stand on when they say government should not be involved.
Government is way involved in propping up and making laws favorable to the “too big to fail” institutions. That is how we got into the current economic downturn in the first place.
If the federal government had enforced existing laws, the economic downturn would not be as severe. If the government was able to allow new business with new ideas into the economy, things would be brighter. Growth areas have been in weapons and war and in the disastrous War On Drugs.
There has not been a balance of guns and butter. (As we used to say) Guns have gotten most of the pie.
posted by Ridgewriters at 10:22 AM
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