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submitted 6 months ago by balderdash9@lemmy.zip to c/memes@lemmy.world

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[-] trafficnab@lemmy.ca 80 points 6 months ago

If a company is "too big to fail" the punishment should be that the government bails them out, then breaks it up into smaller parts that are free to fail or succeed naturally without government intervention

[-] Saurok@lemm.ee 8 points 6 months ago

Not much of a "punishment" to the business to have socialized losses. Oh you've mismanaged your ginormous business and it's going to cause a huge, negative ripple effect on the economy and impact everyone else? Here's some free money, courtesy of working class taxpayers! Also we're going to break you up and place no restrictions on how big you can get so that one of your smaller entities can inevitably get enough market share to be in a position to do the same thing a decade later! Huh? Punishment? Oh... Uh... Don't do that again please, Mr. Business, sir 🥺

[-] trafficnab@lemmy.ca 5 points 6 months ago* (last edited 6 months ago)

Hard to effectively punish entities that feel no pain and are otherwise basically immortal

Best we can really do is mow the grass periodically (which the US gov has been failing to do for a LONG time now, although we're starting to see anti-trust rumblings in the tech industry now thankfully)