Too Big to Fail, or Succeed - WSJ.com
Those of the unconstrained mental model believe that a centrally managed beauracracy can produce "moderate everything" -- no success that is too big, no risks that are too scary, and no failures that harm any.
In the lefty BO world, nobody would love and lose, death would certainly be outlawed and all our children would be "above average". True, we would need to regulate out the Jordans, Woods, and Favres, but "small price" for a "fairer, blander, better managed" world.
But what about BO? Would not the world be a less wonderful place in the lefty's eyes without the brilliance and startling leadership of their blessed BO? Certainly they have to allow for SOME to rise above the grayish plain of post-leveling "fair existence"?
Those of the unconstrained mental model believe that a centrally managed beauracracy can produce "moderate everything" -- no success that is too big, no risks that are too scary, and no failures that harm any.
His plan, if adopted, will fundamentally change the nature of our financial system and economy. The underlying concerns and assumptions are clear, and they are made clearer by considering other ways that his administration has dealt with the consequences of competition -- particularly the faux bankruptcies of General Motors and Chrysler and the impending change in antitrust policy. Although the president said in his speech that he supports free markets, these initiatives confirm that the administration fears the "creative destruction" that free markets produce, preferring stability over innovation, competition and change.
In the lefty BO world, nobody would love and lose, death would certainly be outlawed and all our children would be "above average". True, we would need to regulate out the Jordans, Woods, and Favres, but "small price" for a "fairer, blander, better managed" world.
But what about BO? Would not the world be a less wonderful place in the lefty's eyes without the brilliance and startling leadership of their blessed BO? Certainly they have to allow for SOME to rise above the grayish plain of post-leveling "fair existence"?
