I too do not subscribe to this tiresome canard. It has caused more trouble than anyone can shake a stick at.
The lifetime of a corporation, for example, is often rather shorter than a human being. But accepting that corporations can fail is just Not Allowed these days, if they are Big Enough. Hence the cry heard in 2008: "Company XX is too big to fail!"
What they missed is that, if a company is "too big to fail", it's really Too Big. Period.
no subject
Date: 2011-08-13 02:05 am (UTC)The lifetime of a corporation, for example, is often rather shorter than a human being. But accepting that corporations can fail is just Not Allowed these days, if they are Big Enough. Hence the cry heard in 2008: "Company XX is too big to fail!"
What they missed is that, if a company is "too big to fail", it's really Too Big. Period.
Where is anti-trust when we need it most??
no subject
Date: 2011-08-13 12:18 pm (UTC)Anyone else have any thoughts on the anti-trust laws in the US being left aside?
no subject
Date: 2011-08-13 05:34 pm (UTC)Psychopaths.
no subject
Date: 2011-08-13 05:46 pm (UTC)