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