Too Big to Fail

Too big to fail.  Most of us recognize that turn of phrase from the last bailout/banking crisis.  Several years after the bailout we are still seeing the fallout from when the banks were running wild with unregulated mortgages and related financial instruments.  Well, not really financial instruments, more like government endorsed Ponzi schemes…

Too big to fail is wrong- Not just for the banking industry, but for all American businesses.  It has rendered us fat, complacent, arrogant and manipulative.  Manipulative because our businesses rely on the abuse of the law and corruption of the law makers to further, and ensure, their profit.  Do not create a superior product and service, rather, legislate or sue your competition out of business.  This strategy has left our blades dull, our minds…less than stellar.  Competition, and the fear of what your competitors can do, should be driving our companies to greater heights of innovation, exploration and commercial success.  Failure, and the fallout thereof, is what our companies must be willing to risk in order to compete.  Entrepreneurs know this, small business owners live this, and the United States should be wholeheartedly embracing this.  We need failure.

 

Bookmark the permalink.

About Dan Granot

I chose the Shorter Whitman because of his work, "Song of Myself" and because of my self-deprecating sense of humor. I am under no illusion that I can write successful essays or poetry, but I have been known to write them anyway.

Leave a Reply

Your email address will not be published. Required fields are marked *