tag:blogger.com,1999:blog-170265060189953810.post4110940145782524232..comments2008-12-05T12:09:29.331-06:00Laslo Wegerhttp://www.blogger.com/profile/06645247457652100040noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-170265060189953810.post-26917995611348717882008-12-05T12:09:00.000-06:002008-12-05T12:09:00.000-06:00

<I>the former go out of business</I><BR/><BR/>Yep. And that is one more reason why we would like to prevent the corporations from growing to the behemoth sizes. When a bank holding moderate amounts of money falls, too bad, the FDIC will take over some deposits, the rest will take some loss, and no one will really care. When Lehman, AIG or somesuch fails, or threatens to fail, I -- the taxpayer --

Laslo Wegerhttp://www.blogger.com/profile/06645247457652100040noreply@blogger.comtag:blogger.com,1999:blog-170265060189953810.post-5361831132188488512008-12-04T00:43:00.000-06:002008-12-04T00:43:00.000-06:00

You raise an interesting question.<BR/>One important difference between the big firms in a free market and those in a socialist system is that the former go out of business (or get taken over by other firms) if they are not profitable.<BR/><BR/>When the government steps in and helps failing firms to survive, we don't have a free market - and the incentives become similar to those in a socialist

Winton Bateshttp://www.blogger.com/profile/07383561940886657594noreply@blogger.com