The economic system that we know as capitalism has proven to be in some shape or form broken. This system brings out the greed within human beings and this ideology of "Too Big To Fail" is an example of just that. To elaborate, our economic system of capitalism is arguably broken due to the fact that private corporations could become extremely wealthy and have more money and power than they know what do with; some corporations are able to do what they want without anyone raising a question. In addition, this concept of "Too Big To Fail" originates from our economic system of capitalism in which these commercial corporations have become extremely wealthy and interconnected within the economy that if they were to fail it would tamper with the economic system as a whole. Therefore, the government bails them out of financial issues, such as bankruptcy.
The Too Big To Fail Corporations (TBTF) relationship with the government has allowed them to be interconnected within the economy to the point where if they fail it ruptures the economy. In addition, the TBTF corporations have been given a substantial amount of independence. However, our economic system of capitalism allows the citizens of the united
Uprising Of Commercial Corporations 3
states to dream big and become successful within society; one could say the TBTF is an inspiration to entrepreneurs.
Commercial banks that are considered "Too Big To Fail" in the sense that if these banks are financially struggling or in debt the government bails them out. According to Jarque, A., & Price, D. A. (2015) states: "Bailouts play a big role in allowing these corporations to obtain more
power". This shows that bailing these corporations out of their financial troubles actually i...
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...omy because they would probably be fine, but that obviously won 't happen because the government has them on a special pedestal. In addition, Christophers, B. (2014) states: " 10 banks settled for $8.5 billion with federal regulators for mortgage foreclosure abuses. JPMorgan Chase, Bank of America, Wells Fargo, Citigroup". This shows evidence that the TBTF corporations have charges on their plate, but the government lets it slide rather than take charge because they 're aware of their interconnection within the economy.
To Conclude, TBTF corporations are very real and in recent years there has been an uprising of TBTF corporations . Furthermore, it is a wake up call to citizens of the United States that capitalism is a broken and has to be altered these corporations are getting too huge and that is an understatement they are filled with greed, power, and money.
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