Thursday, February 2, 2012

Mazi's Link O' the Day

This article is a nice follow-up to my post yesterday. If we do wish to get back to a purer, more equitable (that's a loaded phrase, I realize), form of capitalism, one of the big changes that needs to occur is the end of "Too Big Too Fail." As I mentioned, the prospect of failure and of being run out of town by a newcomer encourages even old and large firms to be vigilant and not take unnecessary risks. Simon Johnson writes that we may be moving in the right direction:

http://economix.blogs.nytimes.com/2012/02/02/progress-on-letting-big-banks-fail/

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