http://mises.org/story/3154 Price correction of the better assets to be deployed in an efficient way..... By those that can....
Couldn't we call it a reorganization? Barriers to entry or start up are prohibitive to replace bk firms. Fewer players, the big get bigger, then what? The gov't only has to regulate one firm as opposed to several or many. Bk laws have been changed to screw the little people one more time. Bk is so passe, doesn't apply to large cos, it's history.
You are right.... Too big is not good..... ................................................ When the market is controlled by large professional pools....then the positions become a fallacy because of the liquidity at the time....in stocks that have limitations in their audience.... ................................................. Look at what is happening now..... Hedge/mutual funds wanting to move similar positions at once.... .................................................... Big...also means ...lack of competition.... .............................................. Too big to manage = failure of the US 2/3 party system.... ................................................. This brings into question size and its regulation.... Do note that "anti-trust" does not enter the media at all.....the big are more protected because of the problem ....too big to fail.... ........................................... This is portfolio management 101 material.....one diversifies as to build resiliency in the system..... ....................................................
Ironic... we have anti-trust laws to protect us from big, monopolistic power... Now we have big, monopolistic power to protect us from ourselves..
There's a school of thought in this country that small business is a waste of resources. Contributes to global warming. I kid you not. Of course the pie in the eye are the various empty big box retailer buildings dotting the landscape. The new mall replacements are these lame ass 10k sq ft rental faux cities stip malls. If a big box can't make it how does one suppose a 10k sq ft business is going to thrive?