Too Big To Fail?

Your textbook addresses that "government officials can explicitly restrict competition" (375) and history demonstrates that self-interest and competition usually results in a discussion of the proper role of government regulation. Some individuals see a market economy as largely self-regulating (assuming there are enough firms competing in the market) while others argue that the government must take a more active role in regulating economic activity. Thus, the question lies in how much government control is needed to regulate the economy. Access the below video and respond to the below questions:

Too Big To Fail?

1. State your position to the following perspective: "Competition is not a way of giving power to companies, it's a way to give us power over them?"

2. In discussing the role of regulation in this week's chapter, is the purpose of government not to make everyone equal, but to give everyone the freedom to make choices on their own self-interest?