3 ms·
I think corporations of "too big to fail" stature should have different legal protections than what are offered to humans. Innocent until proven guilty is not
by gmd63 3y ago
I think corporations of "too big to fail" stature should have different legal protections than what are offered to humans.
Innocent until proven guilty is not quite fair to apply to corporations that get bailed out by taxpayers when the policemen are driving bicycles trying to enforce the speed limit on a highway full of McLarens.
When a company has positioned itself to be a critical organ of society, it should be required to function properly. The rules of nature do not forgive a well meaning hare that didn't intend to be eaten by a lion.
- pnemonic 3y agoThe rules of nature do not forgive a well meaning hare that didn't intend to be eaten by a lion. I love this. Consider yourself quoted.
- gmd63 3y agoThank you for the kind words.
- danuker 3y agoI am of the position that no company should be allowed to become too big to fail. Or, if one does, it should be nationalized. If its service is crucial and no other company can replace it, then there is a high risk that it makes use of its position by charging an arm and a leg for essential services.