Where were the police and regulations when Boeing's products killed hundreds of people? Last time I checked, nobody among top management went to prison for that.
That's what "too big to fail" corporations can get you: failed products, anti-competitive environment, regulatory capture, no responsibility.
Getting fined for a few (hundred) million dollars is not responsibility, it's chump change for multi-trillion dollar corporations.
You can have "global business" that aren't "too big to fail". If anything, if you're pro-competition, blindly buying local has the same anti-competitive effects, because you're protecting the local firm from competition from elsewhere.
That's what "too big to fail" corporations can get you: failed products, anti-competitive environment, regulatory capture, no responsibility.
Getting fined for a few (hundred) million dollars is not responsibility, it's chump change for multi-trillion dollar corporations.