Tuesday, June 2, 2009

Nothing is Too Big To Fail

Bloomberg reports that Nancy Pelosi “says GM is too big to fail”. Americans need to remember that nothing is too big to fail – including the United States of America. The responsibility to prevent failure is ours – to share the blessings of liberty among all instead of everyone accumulating as much as possible for themselves and then getting out before it all falls down.

Failure is not guaranteed when something is "too big" - it happens when the system is too complex or inflexible to adapt to external changes.

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