We keep hearing from our leaders that “Institution X is too important to fail.” And I’m not in a great position to second-guess just how important companies like Freddie Mac, Frannie Mae, and AIG are, and whether their demise would lead to worldwide depression or not. But what I do now know is that when things are “too important to fail,” free-market capitalists suddenly become proponents of socialism and government handouts.
We will live in a just society when we begin to see ordinary people as “too important to fail.”
