Monday, March 2, 2009

Too Big To Fail

Let me repeat, any institution 'too big' to fail, is therefore too big to be free of government regulation, control, or ownership. There aren't too many of these actually, but we need to accurate identify them, and not let the libertarians/conservatives obfuscate this issue.

If, let's say, we privatized national defense and it failed, what would the consequences be?

But let's say we let Microsoft stay private and it failed, what would the consequences be?

Case closed.

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