The Conservative Solution For Too Big To Regulate Banks

Economists at the University of Chicago have been advocates for a competitive free market economy.  They worried that corporations could become so large and powerful that they could thwart competition in their markets.  Some also argued that they could not be effectively regulated by government.  They were effective at capturing the government regulators.  The government regulators were used to block competition instead of insuring competition.  One of the Chicago economists concluded that industries that were concentrated and difficult to regulate should be nationalized.  It appears that the US banking industry is a good candidate for nationalization.  Five large banks dominate the industry and they are too big to be effectively regulated.