Create large exits in Europe: Adjust anti-trust laws to a consumer-harm standard.

SpaceX, Facebook and Google would have been broken up if they would have been based in Europe.

The reason is that the EU anti-trust law is based on market concentration, with companies not allowed to have more than 25% of revenue in a certain market.

This eliminates competition for very large corporates.

It also means small, uncompetitive corporates don’t have to innovate because they will not be replaced by the number one in their field.

Consumer-harm is a much better standard.

You can have 100% of the revenue as long as nobody can prove in court that you are abusing your position to abuse your customers, you can displace other corporates through genuine market competition.

It’s hard to argue that SpaceX is harming their clients by providing an order of magnitude cheaper launch cost. But, they definitely have more than 25% of the launch market as revenue.

Corporates should never be shielded from competitive pressure.