Politics Magazine

Member of European Parliament Explains the Fallacies of “Too Big To Fail” Banks

Posted on the 28 January 2013 by Adask

Daniel Hannon MEP (Member of European Parliament) offers a brilliant defense of capitalism and market economies–and an attack on big government and the “too big to fail” mentality.

I can’t help but admire Mr. Hannon’s extraordinary ability to provide a brilliant and concise explanation of a problem faced by most western countries:  big government and “corporatism”.  Although Mr. Hannon doesn’t say so, that combination of big government + corporatism = fascism.

video    00:10:42


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