If a company claims it's too big to fail, what they are really claiming is that they are too big to risk being allowed to fail.
In other words, too big to have to put up with the normal viscicitudes of the market.
If they are so big, why do they need our help? (If big is such a good thing ...)
No, I'm not thinking about the banks and the American auto makers today. Lots of other industries are feeling the pains of too much of the wrong kind of big.
What is the wrong kind of big?
It's when you use your influence to your own advantage.
For example, it's when use money and connections to force changes in the law to protect yourself from all the little people who won't do what you want.
And it's when you use your ill-gotten patents to pervert the courts and make them them your battlefield in your wars of attrition.
Let's be straight. If you are looking at the market place as your battlefield and not thinking there's something wrong here, can you be sure you aren't already too big in your own mind?
No comments:
Post a Comment
Courtesy is courteous.