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I don't think anyone that is now arguing that some firms are too big to fail are also arguing that we would have been better off if those firms were run by the
by Prrometheus 18y ago
I don't think anyone that is now arguing that some firms are too big to fail are also arguing that we would have been better off if those firms were run by the government in the intervening decades in which they did not fail.
- biohacker42 18y agoI should clarify what I left unspecified. By nationalize I mean the government would take over, and then slowly but steadily shut down operations. This would allow smaller competitor to take up the slack. It would also encourage companies to break up rather then be nationalized, it wouldn't be much of a choice.
- netcan 18y agoYou wouldn't need to nationalise them. You'd just need the equivalent of antitrust legislation.