Solution to Piracy

Perhaps the solution to the piracy problem is a simple matter of hardening the ships. Modifications to the ship might be in order to allow for the following: The crew should be able to remain in control of the ship. The pirates should not be able to threaten the crew. When under attack the ship's crew should notify the authorities. The Navy can then come to catch the pirates.

It seems the pirates are able to ply their trade only when they have hostages. If the ships crew are not hostages and not in danger from the pirates then it is a simple matter of keeping the pirates from threatening the crew until the Navy arrives to fight the pirates.

Rethinking Capitalism

A recent discussion with a long time friend of mine brought up the subject of companies being too big to fail. It seems a lot of the current troubles would have been smaller problems if the entities involved were smaller concerns. Why does a bank have to be so big? Would Bank of America be better of if they were not a such a huge monolithic organization? Would CitiGroup? How about GM and Chrysler. What economies of scale have we actually benefited from in this respect.

A long time ago the government broke up AT&T into the baby bells. Perhaps this is a case of where we need the same kind of thinking. Perhaps even smaller companies. How about Microsoft? They have spent years in court trying to remain a monopoly. Why? Would not the company be better off as multiple smaller companies, increasing competition and reducing the likelihood of some mono cultural problem affecting the entire stack of products.

I think this same idea can be applied to all companies in the US. Then it is also appropriate to consider the same thing for individuals. Can individual wealth and influence be allowed to grow with out any checks and balances? Does the accumulation of extraordinary wealth indicate undue influence or control? Does that not lead to opportunities for abuse?

Too big to fail means they are too big.