In The Baseline Scenario, James Kwak offers an excellent piece titled, “The Need for New Antitrust Laws“. Kwak discusses Zephyr Teachout’s proposal that new antitrust laws be enacted aimed at reducing the political power of large firms. Teachout’s proposal is in The Nation’s article, “Trustbusting 2.0?”

Teachout’s best line: “I happen to think corporations serve incredibly valuable social purposes. But those values are radically limited if we stop understanding the corporate form as deeply flexible, putty in our hands if we want it to be–a flexible tool for human, democratic, societal ends.”

In other words, it’s time society flex it’s power to wrest control of our future from self-serving corporations. Any corporation deemed “too big to fail”, must fail. Legislation should be in place to prevent any corporation from reaching the mythical “too big to fail” status.