DeeJayH

so i have been hearing this as a reason why many financials have to be bailed out, even if it is a loan
that these Financials are so big they dramatically affect the entire economy
if something has become so big that it would affect not only our country but the world as well, is it too big to be allowed to exist

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These days it seems that the deadliest place on earth for an American to be is inside the womb. - Joshua P. Allem

Iriemon

That is a very good question DJ. Antitrust laws were passed to bust up companies that were deemed "too big" and used market power to dominate their industry. Maybe a criteria should be whether the company is so big that its failure would causes an unacceptable effect on the overall economy.

Too big to let fail is a dangerous situation to have a company be in an we are paying for the consequences.

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Matthew 5:9

tlmorg02

I believe a corporation too big to fail, is indeed too big to exist. Funny, how even as we see the giants of Wall Street fail, the government stands idly by as Bank of America buys one company after another. First, Countrywide Mortgage and now Merryl Lynch. Talk about the expansion of a corporation.

Infinite Chaos

Step outside the banking crisis one moment and ask if Microsoft falls into that category. In other ways Microsoft is just as big - just as powerful - would breaking it up help the US or World economy?

Actually, I'm not quite sure what is the biggest corporation in the world. I just googled and have different lists. On CNN it has Wal-Mart and on Forbes Global 2000 list the top is a British bank - HSBC with Wal-Mart at 16.

Were would we find the most authoritive list?

tlmorg02

I am not sure if there is a single company to identify as the largest. There are many that are massive, such as Wal-Mart, but then you have others that are big and have many subsidiaries like Haliburton. Yet, on the question of Microsoft I feel that it would be beneficial to break it up because doing so would create more competition in the technology sector and that is always better for consumers and the economy alike.

The movie "A Beautiful Mind," causes me to see the economy in a different light, as John Nash Jr. created the philosophy in business that corporations should attempt to each grab their particular specialized monopoly rather than to monopolize the market in general. That way companies avoid directly competing and getting into pricing wars, thus all will profit substantially. This is in direct opposition to Adam Smith's approach that companies should each only worry about themselves, rather than the industry, and that by doing so competition would regulate the market.

rsixing

"Privatize profits; socialize losses"...**** that!!!

jamesrage

I say yes.There should never be such a thing as too big to fail.A business should not exist if it can not survive without the aid of tax payers.

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