You mean like the US did with AT&T? I'm not sure if they 'have the balls' currently, but they have in the past and it's not inconceivable they would do so again. Microsoft came close to it as well.
I do point out that US vs AT&T did first major anti-trust settlement in 1913, and the breakup ultimately happened in 1984, or about 70 years later. So maybe we'll see Google breakup too in 2084 or around that time..
AT&T reformed as regional monopolies in far less time than it took the government to break up the national monopoly.
Nations are ultimately made up of people and they are subject to peoples' pressure. Its the people who we must convince and wake them from their deep slumber.