Comment by salawat
11 days ago
You just created a large, TBTF corp's veto. Pass a law or have a law passed a corp TBTF doesn't want? Break it and force the Government's hand to strike it down.
11 days ago
You just created a large, TBTF corp's veto. Pass a law or have a law passed a corp TBTF doesn't want? Break it and force the Government's hand to strike it down.
TBTF is not a thing. It's all in your mind. Evergrande and Country Garden would've been classified TBTF in the minds of many USians, yet they failed.
The dead comment below by AnthonyMouse already pointed out that even in your scenario there's no difference with the status quo anyway. It's insane that it's dead and reeks of astroturfing, as nothing about it is worth flagging.
> Isn't that the other way around? The law already can't be enforced against the TBTF corporation, so what do they care if it stays on the books? But now you can't enforce it against someone else or they can point to you not enforcing it against them.
> Except that's the point. The government would now have to do that or they lose the law. If it's a good law then they don't want to lose it, but if it's a good law then they should be enforcing it against them.
> And, of course, the correct way to deal with this is to break the TBTF corporations into many smaller pieces so that stops being a problem.
Off topic:
The dead comment below by AnthonyMouse already pointed out that even in your scenario there's no difference with the status quo anyway. It's insane that it's dead and reeks of astroturfing, as nothing about it is worth flagging.
If you see such a comment, you can vouch for it (small menu point next to flag) and revive it. I did that now because I agree with your assessment - of late I do this very often because even comments which quote articles/laws etc. verbatim and with a link are flagged/voted to death.
I do this and did it in this case, but I've never seen it make a difference.
Both of your supposed counterexamples are Chinese. China does things differently from the USA.
My counterexamples prove exactly the point; TBTF is fugazi, arbitrary, something in your head.
1 reply →
Ideally what would happen is the corporation starts having enforcement action against it and then its leadership is forced out to rescue said corporation from failing.
This certainly seems better than just making TBTF (which I assume means too big to fail) entities be above the law.
Isn't that the other way around? The law already can't be enforced against the TBTF corporation, so what do they care if it stays on the books? But now you can't enforce it against someone else or they can point to you not enforcing it against them.
Except that's the point. The government would now have to do that or they lose the law. If it's a good law then they don't want to lose it, but if it's a good law then they should be enforcing it against them.
And, of course, the correct way to deal with this is to break the TBTF corporations into many smaller pieces so that stops being a problem.