3 ms·
"...It just shifts from an individual risk(the corporation) to an existential risk(a big chunk of the economy)." but that's the point of the early-enough force
by clairity 5y ago
"...It just shifts from an individual risk(the corporation) to an existential risk(a big chunk of the economy)."
but that's the point of the early-enough forced bankruptcy - to salvage value and re-internalize the downside risk to owners only.
i'm totally down with limiting corporate size, not via a direct statute to that effect, but via a high-functioning antitrust department along with severely progressive taxes. you can get as big as you want, as long as you can internalize all the downside risk of being 'too big to fail'.