Sunday, October 26, 2008

Distributism and Socialism:

Distributism and Socialism: Part Two:

"Why must there be institutions so large that they cannot be permitted to fail, and must be rescued by the common purse?"
This has been my point all alone. I don't think we need much detailed oriented regulation. Big we do need "size" regulation. Not just size limits on monopolies like Standard Oil or AT&T but size limits on single companies within a sector. If a company gets "Too Big" to be "allowed to fail" then it must be broken up into smaller companies at CAN be allowed to fail. If it's a bank or investment firm, there needs to be some protection to the money in the accounts, but the organization that runs the company should be allowed to totally fail.

The real fear of that real possibility of failure will do more to control the market and the risk the company takes than any regulation could hope to do.

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