A Company Is Too Big to Fail? Make It Smaller [View article]
@ Filonov Interesting perspective. So then, if GE,GM, and Boeing are "too big", what about foreign companies such as Toyota, Honda, Fuji Heavy Industries, etc? Try this. Maybe it's not the size but related to one of your other statements: "--> I am usually not a big fan of regulation. In most cases it's wrong. But in some cases we need regulation and in some cases we need to increase it, otherwise we have situation like now <---"
You look young enough to not have been around in the 1950's or even 1960's. That era had it's problems too, but growth and prosperity were the norm, even with occasional inflation. The thing that we had then was much more regulation. Look what deregulation has done for the airline industry, energy business (oil), as well as Wall ST. and banking/finance/invest... businesses. We even have problems with bacterial toxins in our food ( peanut butter) because FDA manpower and regulations were reduced a great deal starting mainly in about 1980. This continued over several administrations over the years. Indeed, look at where it got us. It is usually businesses that are shady or trying to be unscrupulously opportunistic to maximize their in-pocket profits that are concerned with regulations. With no too little ( like now) or no regulations society pays a much heavier toll later. Unfortunately , a portion of mankind is always unscrupulous, greedy, shady, or worse. Throw in garden variety stupidity and ignorance and regulations are needed. Much more so then we have now for sure IMO.
A Company Is Too Big to Fail? Make It Smaller [View article]
Interesting perspective. So then, if GE,GM, and Boeing are "too big", what about foreign companies such as Toyota, Honda, Fuji Heavy Industries, etc? Try this. Maybe it's not the size but related to one of your other statements:
"--> I am usually not a big fan of regulation. In most cases it's wrong. But in some cases we need regulation and in some cases we need to increase it, otherwise we have situation like now <---"
You look young enough to not have been around in the 1950's or even 1960's. That era had it's problems too, but growth and prosperity were the norm, even with occasional inflation. The thing that we had then was much more regulation. Look what deregulation has done for the airline industry, energy business (oil), as well as Wall ST. and banking/finance/invest... businesses.
We even have problems with bacterial toxins in our food ( peanut butter) because FDA manpower and regulations were reduced a great deal starting mainly in about 1980. This continued over several administrations over the years. Indeed, look at where it got us. It is usually businesses that are shady or trying to be unscrupulously opportunistic to maximize their in-pocket profits that are concerned with regulations. With no too little ( like now) or no regulations society pays a much heavier toll later. Unfortunately , a portion of mankind is always unscrupulous, greedy, shady, or worse. Throw in garden variety stupidity and ignorance and regulations are needed. Much more so then we have now for sure IMO.