> That is why the banks should have been broken up into smaller banks long before we reached that point
They still can be broken up. As for not being competitive on the global market - neither is regular labor compared to slave labor. And just like companies employing slave labor are (or should be) barred from the US market, so can companies that are too large. Solving such prisoner dilemmas is exactly what government is for.
They still can be broken up. As for not being competitive on the global market - neither is regular labor compared to slave labor. And just like companies employing slave labor are (or should be) barred from the US market, so can companies that are too large. Solving such prisoner dilemmas is exactly what government is for.