Interesting comparison of business vs states. The thing is there are an awful lot of businesses larger than states.

Just take simple comparisons of population (I know I know) and the smallest states like islands have tens of thousands - of the 233 nations in the UN we reach only 100k people at 200, and companies like Bank of America employ more people than "real I have heard of them" places like Iceland.

So I like the idea of just letting companies fail - but putting half a million people out of work is pretty bad.