PREVIEW

... any current affairs terms, from the game of Go.

It’s most commonly used in economics. In the case of a massive conglomerate upon which the livelihoods of many depend, the idea is that the government will inevitably intervene to save it—due to the potential ripple effects on society and the economy.

It’s not just a Korean concept. The English-speaking world has its own cynical version: “Too Big to Fail.” Even LTCM, the thorn in Alpha Fund’s side, was bailed out under that premise. ...

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