Actually your skin cell analogy is a good one, in that companies should also be constantly recycled by the market.
One of the major problems in the modern west, especially the US, is that when crises have hit we’ve conflated helping “the people” with saving their employer. Imagine how differently things would look today if in 2008 there has been no bailouts for corporations, only direct aid to affected individuals.
To me, “too big to fail” is when we’ve turned companies cancerous.
The same wrong incentives apply to individuals. It’d be better just not to tax people’s wages and also not bail failing companies or careers out, but let people and business find their own balance.
I'm not sure which careers you think have been bailed out. Politicians talk about saving certain professions (e.g. coal miners), but those bailouts end up being for the company.
I replied to a comment that wanted the government to demand money from innocent people to bail out people with obsolete careers, and the comment meant this was virtuous vs bailing corporations out, while in fact demanding money to bail out inefficiency is not virtuous regardless.
It’s better not to demand money from people and instead let them be free - the money you don’t tax will end up being spent on more goods and services, like how the average Swiss lives better than the average Norwegian, even if CH has no ports or natural resources, but instead has economic freedom
One of the major problems in the modern west, especially the US, is that when crises have hit we’ve conflated helping “the people” with saving their employer. Imagine how differently things would look today if in 2008 there has been no bailouts for corporations, only direct aid to affected individuals.
To me, “too big to fail” is when we’ve turned companies cancerous.