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We haven't even tried capitalism, and Taleb is railing about that particular point. In a capitalist system, banks should be allowed to fail.
by veyron 15y ago
We haven't even tried capitalism, and Taleb is railing about that particular point. In a capitalist system, banks should be allowed to fail.
- arethuza 15y agoExactly, it is the existence of "too big to fail" entities that are the problem.