Is it just me or do we have a national obsession with saving big companies from utter ruin while we let the little(r) ones go to the wall? It seems to be a continuing trend of consolidation into mega-corporations while little ones get eaten up or allowed to fold. Could it be that monolithic institutions are not good for the economy, if not certainly unforavorable for market competition?
There’s always the fallback line that “if we let X, Y or Z fail, there would have been unimaginable consequences.” However, what about the less visible consequences of allowing the little guys to fail? What becomes of smaller corporations (I use small only in contrast to the megaliths) in this context?
Purist free marketeers should support letting them all fail, but they seem to be in short supply these days as ideologues seem to support whatever works best for them on that particular day.
Why do we continue to save the corporations who need saving the least? Personal accountability has become such a vacuous concept.
