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true however when it is distorting the economy and crippling productivity do not be surprised if changes are made. Not saying it will happen, however with resources fading and the worsening fiscal situation, car manufacturing gutted etc, when living standards fall and unemployment rises people...

incubation of more government banks (start them off as building societies) and throwing the doors open to foreign competition is really something that could advance the economy

no it's not their money when the government has backed them and tolerates monopolistic behaviour. This is a highly protected industry and is in fact more akin to an outsourced government department than free enterprise. The big 4 zombie banks have had more opportunity to 'strengthen' their...