The current lack of anti-monopoly enforcement and corporate oversight in the US is a race to the bottom. Should the rest of the world compete by letting corporations run amok, acquire all competition and build monopolies? Or should they try to regulate, but risk driving away founders for whom the American legal environment is extremely lucrative?

It's similar to the debate France had about raising the progressive tax rates - some ultrarich people would rather give up their French residency, than pay higher taxes.

There's clearly stuff the EU could do to be more competitive, but I think the core issue is that American investors can expect less risk and bigger payoffs, because the environment is friendlier to them, but the environment being friendlier to them leads to regular people getting screwed by giant companies that operate with no oversight. Fast forward the 2020s and you literally have planes falling out of the sky.

I don't think there are any great options.

I'm also aware this is a fringe view on HN, kinda by definition. It's a forum for founders, mostly in the US, and the median opinion on what you should be able to do with your company on here is extreme by most peoples' standards. But the echo chamber needs some dissent on this point.