"Big" has become part of our daily lexicon, particularly in connection with the current efforts at health care and financial reform...big government, big business, too big to fail. The attack from the right seems to focus on the assumption that big government is bad and the counter from the left is that big government is a better protector of the masses than big business. I'm not so sure that big anything is better and I'm definitely not comfortable that corporate America will deliver any better social solutions than big government. Given what Wall Street has done to us, do you trust big insurance, big pharma or big medical to do any better with health care than big government. Would you rather deal with the mom & pop store down the street or Walmart...City Hall or the U.S. Congress?
The attached articles highlight the alarming abuses and arrogance of Wall Street in connection with our current financial crisis. I can only hope that the abuses of Wall Street can be corrected and solutions don't involve bigger, just more effective, government. The private sector can do many things better than the public, however there are limitations and risks. The invisible hand of Adam Smith will not solve all of society's woes. In searching for solutions, whether through public or private means, let's focus on effectiveness in achieving our collective goals, and recognize that bigger is not necessarily better.
Dealbook Column: What the Financial Crisis Commission Should Ask
Op-Ed Columnist: The Other Plot to Wreck America
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