1/8/09

The Harder They Fall

Today on NPR's Marketplace, Charles Handy explains why "too big to fail" is just too big.


Here's that Adam Smith quote:
...a profitable speculation is presented as a public good because growth will stimulate demand and everywhere diffuse comfort and improvement. No patriot or man of feeling could therefore oppose it. But the nature of this growth, in opposition, for example, to liberal ideas such as cultivation, is that it is undirected and infinitely self-generating in the endless demand for all the useless things in the world.

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