Canada

Political campaigns cost a lot of money and billionaires fund the ones that would bail them out directly or indirectly. So billionaires are in fact bailing themselves out. This is why we so often find ourselves in the situation where all candidates are shit and we try voting for the lesser turd. If it were merely a matter of voting, we wouldn't be in this position. Unless this is widely understood and we take the steps needed to counteract it, we'd forever be pointing at either the housing minister, or the voters and ask how could this still be happening. (Actually we won't because the system would collapse when workers eventually revolt, but you get what I'm saying.)

The theory that if we only let large firms fail when they fuck up, things would get better is a fantasy because that changes nothing of significance in who holds power in society. And that's before we think about corporate ownership and how profits are protected during failure. And before we consider that when firms fail, they rarely disappear. Instead they get absorbed, customers, employees and capital by their competitor, creating even bigger firms, now able to exercise higher market power, and their owners even richer. Competition does not lead to a competitive equilibrium outside of rare cases. Instead it leads to consolidation and eventually monopolies or oligipolies.