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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region Forums7 Institutions That Have Grown So Monstrously Big They Threaten to Destroy America
http://www.alternet.org/economy/banks-america***SNIP
1. Bigger Corporations
Americans have known about the danger of overly large corporations since the founding of the Republic. I hope that we shall crush in its birth the aristocracy of our monied corporations, said Thomas Jefferson, which dare already to challenge our government to a trial of strength, and bid defiance to the laws of our country.
***SNIP
2. Bigger Banks
The statistics on too-big-to-fail banks and financial institutions are staggering: The largest 0.2 percent of US banks12 of them, altogethercontrol 69 percent of the industrys total assets, while 98.6 percent of all banks held only 12 percent of assets.
***SNIP
3. Bigger Investors
Holding companies, hedge funds, and other institutions own more and more of the private-sector economy. That includes groups like Mitt Romneys Bain Capital, which invests in everything from pharmacies to retail chains to homes for troubled teens.
***SNIP
4. Bigger Charities
It should be no surprise that all of this, along with government policies toward taxation and other matters, is creating runaway levels of individual wealth. And as a few individuals amass extraordinary wealth, even charitable giving becomes a bigger problem.
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7 Institutions That Have Grown So Monstrously Big They Threaten to Destroy America (Original Post)
xchrom
Jun 2013
OP
safeinOhio
(32,696 posts)1. Nail, meet hammer.
+1
raouldukelives
(5,178 posts)2. Great read. Support Wall St or support America. Can't do both. nt
taught_me_patience
(5,477 posts)3. #1. The supreme court
ruling over America like kings.