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If You Are Too Big To Fail Are You Too Big To Be In Business?
By Joel Block
We've all gotten used to the logic put out by some of the brilliant marketing people in Corporate America that their companies are too big to fail. In fact they're so big that their failure might cause a ripple through the United States and the World economies that we might not be able to recover from. This logic has gotten these companies tens, if not hundreds, of billions of dollars. This marketing logic has cost taxpayers enormously.
As an advocate of entrepreneurial companies, I ask this as a follow up question: if you are too big to fail, are you too big to be in business? These companies that are so big have nearly monopolistic control of their industries. The companies that are too big to fail have so much control and domination that it's nearly impossible and certainly unfair for smaller entrepreneurial companies to have any chance of competing with them, if not against them.
I wonder if under the Sherman Anti-Trust Act some of these companies should be re-evaluated. If they're too big to fail, then maybe they're too big to pass muster under Sherman.
This is a challenge that I put out to the Federal Government on behalf of entrepreneurs all over the country. I wonder at what point someone from our Federal Government will understand this question and take some action on it. If this is something you believe in, then I'd like to see you take some action on it by writing a comment on this article as well as forwarding this comment to a senator or congressional representative in your district.
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About Joel G. Block
Often dubbed a "Growth Architect" by his clients, Joel Block advises companies on explosive growth strategies by driving revenue and sales. Well known in the capital markets, Joel is a successful entrepreneur, speaker, advisor and faculty member of the iLearningGlobal community. To bring Joel into your company, please visit
http://www.joelblock.com or
http://www.growth-logic.com. Also, be sure to check out our newest project: a blog to organize the blogs that cover entrepreneurship -
http://www.entrepreneur-hub.com. And finally, for film makers:
http://www.filmfundingblog.com - our newest project.
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