Absolutely not. The reason things are like described ( although it's not as bad today), is because many sectors are heavily regulated, and belong to a few actors abusing their monopolistic position. There's a reason the european union gave a 500millions fine to the french bank a decade ago ( but things didn't move a lot).
As an example, all the online banking start ups belong ( or were created as subsidiaries of) big banks. All of them.
As an example, all the online banking start ups belong ( or were created as subsidiaries of) big banks. All of them.