Sonic Doctor said:
Jacklin said:
Sonic Doctor said:
Sounds very fascist.
Could you send me a link to your story it sounds reminiscent of 1984 or Atlas Shrugged.
I don't know what is fascist about making people more responsible for their own lives and trying to ease the country of its debt and fuel crisis.
... because there is no such thing as too big to fail...
It's not WHAT you want it's HOW you want to do it. Fascism isn't "excessively controlling peoples lives". I don't think you understand much about Nazi Germany nor other fascist states.
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Oh and there IS too big to fail, because IDEALLY when a failing business fails then JUST that failing business fails. That's capitalism at work, bad business practices die with bad company.
When people say "too big to fail" they mean it is so big that when it fails it will destroy all the OTHER good and productive and stable businesses along with them. Like for example a bank that HAS EVERYONE'S MONEY! If the bank goes then so DOES THEIR MONEY!
Trillions of dollars... gone.
Massive companies with huge building projects doing valuable work would be shut down as their gas and electricity is shut off. Why? because they can't pay their bills, the bank where they keep their money is gone, kaput, nada, zippo. Because it was allowed to fail.
The thing is it is cheaper to bail out the banks than it is to guarantee for all their credits (all the bank accounts they run). In fact it would be impossible to let the banks fail and guarantee all the credits, debts and money owed, the government just doesn't have enough couldn't borrow enough either. And if it did it would effectively become a bank for all these thousands of clients; managing bills, bonds and loans. A nightmare.