Some people even claim that this is a natural process. But this phenomenon is most visible in the US and UK. It is the logical result of privatization and market liberalization from past decades. Power and wealth has shifted from the commons to private ownership and this is only going to continue.
Of course this would be a different story if private actors had to play by the same rules, but if you amass enough capital, you are „too big to fail“ for capitalism and your losses are paid by the public.
Too big to fail should nowadays be called „too big to exist“.
Of course this would be a different story if private actors had to play by the same rules, but if you amass enough capital, you are „too big to fail“ for capitalism and your losses are paid by the public.
Too big to fail should nowadays be called „too big to exist“.