When I lived in China and talked to VCs about the volatile regulatory environment and relatively frequent busting of companies one sentence I heard often was al

When I lived in China and talked to VCs about the volatile regulatory environment and relatively frequent busting of companies one sentence I heard often was always something along the lines of, "sure it's annoying but you know what? For the occassional billionaire that gets toppled there's a hundred millionaires waiting to take their spot, it's just opportunity". This changed my attitude quite a bit. In particular in the US the debate is often framed from the perspective of the very few individuals adverserly impacted by anti-trust. "If you break X apart, who will want to be the next Y? The answer is quite literally: hundreds of people gleefully waiting to take even a fraction of that market. If there is a void to fill, someone will always do it. I think of all the measures one can take, anti-trust is one of the least disruptive things to the ecosystem overall, because it not only doesn't diminish, but strengthens market dynamics.