Idea for preventing "too big to fail"

Post #436,668 by drook 10/14/20 10:59:42 AM 10/14/20 10:59:42 AM Reply	Idea for preventing "too big to fail" What if we had some set of additional oversight/regulation for the largest X companies? Come up with some criteria - total revenue, profit, etc. - and whatever are the top say 20 get the additional requirements. What new regulations? Maybe shift some of the burden of proof of anti-competitive behavior. Make them demonstrate annually that their market dominance hasn't reduced competition. Over time I expect you'd see companies approaching the bottom rung to start looking at spinning off divisions rather than become subject to the regs. This would be an incentive to not become "too big". -- Drew
Post #436,670 by Ashton 10/14/20 2:59:23 PM 10/14/20 2:59:23 PM Reply	Main trouble may be: that oer'weening Greed--so prominent amidst so many 'in-Bizness'--means that your rational approach would go unheeded via n-justifications from the inner-Nazi. $$Creative loopholes would abound?
Post #436,671 by drook 10/14/20 3:13:48 PM 10/14/20 3:13:48 PM Reply	That's why I like the idea of pinning it on the top 20 (or 10 ... or 50) Game the numbers however you want. Someone has to be the biggest and deal with the requirements. -- Drew
Post #436,676 by a6l6e6x 10/14/20 10:12:00 PM 10/14/20 10:12:00 PM Reply	Well, if you're in the top 5 of any market,... should not be able to buy (or merge with) any other company. Period! That would prevent "to big to fail" companies from forming. The companies that are already there need to be broken up in some sensible way. Alex "There is a cult of ignorance in the United States, and there has always been. The strain of anti-intellectualism has been a constant thread winding its way through our political and cultural life, nurtured by the false notion that democracy means that "my ignorance is just as good as your knowledge." -- Isaac Asimov
Post #436,679 by drook 10/14/20 11:33:15 PM 10/14/20 11:33:15 PM Reply	Define "market" The simpler idea avoids having to define that. Admittedly this allows the possibility that half the affected companies are in the same industry, and smaller industries can be dominated by a single player. In those cases, one of the "too bigs" could probably finance a competitor from spare change. -- Drew
Post #436,687 by a6l6e6x 10/15/20 10:46:23 PM 10/15/20 10:46:23 PM Reply	They generally have names like banking, social media, semiconductor industry, etc when they are... written about. And, if they've been around a while, they often have "associations" that represent them in Washington. Alex "There is a cult of ignorance in the United States, and there has always been. The strain of anti-intellectualism has been a constant thread winding its way through our political and cultural life, nurtured by the false notion that democracy means that "my ignorance is just as good as your knowledge." -- Isaac Asimov

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