They are too big to fail because the politicians that are suckling at their teats say they are. If those companies go under, the bribes, er donations dry up. They won’t let that happen. Millions, if not billions, of dollars are being funneled into the policical machinery to make sure that when the bubble pops, the people responsible will not pay any real price for it. It’ll be the workers and the tax payers who will have to clean up the mess while the ones who created it will sail off into the Caribbean on their newest super yacht.
I could understand the arguments about banks being too big to fail, because normal people and businesses have their money tied up in them.
But is Meta too big to fail? Are any of the tech giants too big to fail? Let them.
They are too big to fail because the politicians that are suckling at their teats say they are. If those companies go under, the
bribes, er donations dry up. They won’t let that happen. Millions, if not billions, of dollars are being funneled into the policical machinery to make sure that when the bubble pops, the people responsible will not pay any real price for it. It’ll be the workers and the tax payers who will have to clean up the mess while the ones who created it will sail off into the Caribbean on their newest super yacht.Especially after the 2008 debacle.