Too big to fail? Too big to be left alone.

Too big to fail? Too big to be left alone.

The U.S economy is going through a hard time. Not to mention the small companies, the large companies have no exception to face the crisis of closing. If they are unable to continue the business, the result will be a disaster. Thousands of people will lose their job. The Great Depression in the U.S history will probably happen again. In order to save the economy of this country, government has to help them.

This article is intended for those people who think that government should not have control over the business. I think those people did not consider the consequence of the bankruptcy of large companies. It seems like they tend to think that equity is more important than anything else.

A lot of smaller companies are trying to save themselves by lying off their employees. Therefore the unemployment is increasing rapidly. As we see the small companies already have a big affect on the economy, so what about the large ones? They are the major stand of financial system. They have grown so large that their failure will bring down the economy so much.

The author of this article thinks that in order to prevent the worse consequence in the future, the government should have authority to regulate the big business. I agree with the author. In the article it says "[t]hough the government has considerable authority over commercial banks, it has much less power to regulate other huge financial enterprises". In this situation I think government should extend its power to regulate them in order to save the economy. The economy is related to everyone, everyone will be affected.