photo credit: danny_kino
Yes, it’s true. One of the oft-imparted nuggets of wisdom we learned in our youth no longer holds true in today’s world. “The bigger they are, the harder they fall” has taken a 180 degree spin, teaching children everywhere that if you’re really big, you can’t possibly fail.
At least, that’s what we’ve been told. With corporate bailouts, the nationalization of mortgage and insurance companies, and massive taxpayer-funded loans being offered only to the largest of financial institutions, the line we’re fed by the puppeteers is that these companies are too big to fail.
Too big to fail?
Well, it’s not exactly that they can’t fail; instead, their argument is that they should not be allowed to fail. Putting on their self-granted prophetic mantle, these power brokers claim that if these companies were to fail, the economy would self-destruct, home prices would tank, and jobs would be eliminated. The complicit media goes along for the ride, echoing the same arguments ad nauseam. Apparently we haven’t yet learned that these people are some of the most untrustworthy, inaccurate, and unprophetic that exist. Why do we continue to believe them?
Implied in the argument that big companies should not be allowed to fail is the idea that the services they render are so sacrosanct as to be immortalized through theft of the average taxpayer. The Federal Reserve—sugar daddy extraordinaire—harnesses its eternal sagacity and arbitrarily determines which companies shall be rescued with your money. Such wisdom, such foresight!
Perhaps the textbooks on conventional wisdom need to be rewritten to reflect the new way things are done. Fear not, children of America: so long as you are well-connected and important, you will never fail! (Until Uncle Sam withers away, that is…)
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