bicker
join:2007-05-10
Burlington, MA | reply to tubbynet
Re: And they are right said by tubbynet:there is a reason why the us has passed laws and regulations prohibiting corporations from getting too large (and therefore too powerful); they generally don't have the best interest of the consumer at heart. The country's priorities shouldn't be consumerism. Consumerism doesn't equate to prosperity. So your logic about why large companies should be kept smaller is without merit.
There are valid reasons for such caps, in certain industries, and we've seen it very clearly with the economic crisis. The crisis was caused because some financial institutions (specifically) were too large, so when they failed, they represented the chance of too much damage to the overall economy to let the failure progress normally.
Super-large employers have a similar potential impact on the economy, which argues for capping the size (or breaking-up) companies such as the automakers, super-large nationwide retailers, etc.
The criteria for concern is not the impact on consumers, but rather the impact on citizens. They may be the same people, but the priorities that each of those two labels imply are different. Indeed, our government should foster the interests of citizens FIRST, then perhaps the interests of taxpayers, then perhaps investors, then perhaps consumers. Again, consumerism is part of the problem, not part of the solution. |
