The power set of a set is the set of all distinct subsets of the set, with the smallest being {} and the largest the set itself. This means that if S is an infinite set, the power set pow(S) must contain S as its largest element. But if S is infinite then pow(S) must also be infinite, which means that pow(S) cannot contain a largest element. As the existence of pow(S) leads to a contradiction, pow(S) cannot exist.
What is the standard way of dealing with the contradiction inherent in the definition of an infinite power set?