4 ms·
“Too big to fail” has been mentioned often as a danger to a well working society. But then again, as long as there is reasonably rapid evolution in society, I
by noizejoy 6y ago
“Too big to fail” has been mentioned often as a danger to a well working society.
But then again, as long as there is reasonably rapid evolution in society, I have no idea how one might curtail organizations from becoming too big.
At best it would become another game of Whac-a-mole[0] between regulators and organizations, with regulators more often on the losing side than not.
[0] https://en.wikipedia.org/wiki/Whac-A-Mole#Colloquial_usage https://en.wikipedia.org/wiki/Whac-A-Mole#Colloquial_usage
- tw25460241 6y agoThe market process and diseconomies of scale tend to constrain the size of firms, so much so that "bigness" is a strong indicator that a firm is instead being propped up by the political process, e.g., bailouts, regulatory capture.