>Also, we don't really want to just burn the IP.

You absolutely want to burn the IP in the sense of make it freely available to use and build upon. Every time history has weakened IP protections for the few, the many have benefited.

A lot of the success after WW2 was the immense amount of patents that were no longer protected and could be built upon without 25 years of monopoly extraction. You can't rent seek something that isn't patent protected, so you have to build and improve.

For example, several German and Italian patents around good motorcycle engines were completely nulled out, and every company that built motorcycles made a popular model from it. It basically invented a portion of the industry.

The same elimination of patent protections after WW1 boosted tons of chemical industries, and spurned immense innovation in pharmaceuticals, dyes, explosives, etc.

"Oh you want to do illegal anti-competitive stuff? In addition to any fine, you have forfeited your IP benefits"

Breaking antitrust laws and similar is an explicit admission that you cannot compete fairly, and therefore it does not benefit society to let you continue to monopolize anything and someone else should be allowed to take your place.