In one that is not too large to fail, I'd agree. We have a monolithic government that has been going away from "they" since the state restricted the size of the House of Representatives and have shifted more and more responsibility and power to the federal branch.
It's no different than the same moral hazard large corporations face that we empower through cronyism and the effects are obvious, notably events leading up to the great financial crisis in the late 2000s.
Large institutions not held accountable get to take outsized risks knowing they'll always be bailed out and not held accountable. This article is one of many examples of such.
Some endeavors carry significant risk but the rewards are also significant. The infrastructure doesn't have to be completely dismantled because one endeavor failed (however catastrophically). Why cause more pain than is necessary?
It's no different than the same moral hazard large corporations face that we empower through cronyism and the effects are obvious, notably events leading up to the great financial crisis in the late 2000s.
Large institutions not held accountable get to take outsized risks knowing they'll always be bailed out and not held accountable. This article is one of many examples of such.