Re: Need a full ban on M&A
"There's not a single circumstance in history that consumers were not left worse off after one company bought another."
Except, as you say, when the company was going to fail. Or when the company developed some type of technology which was expensive and used for niche purposes, but by being bought by someone that could advance it, became cheaper and available for more people and reasons. Or if a company was low on money, not so low that they were going to fail, but low enough that they either had to, or more likely were going to choose to, make their product worse in order to extract more money from the user, something they didn't end up doing when they got infusions of more cash by a company that wanted the users to be happy and knew it wouldn't happen if the product became more extractive.
This is not all or even most mergers. It is far from the none that you have claimed. There are also less helpful examples of mergers that had an indifferent result where consumers didn't care or even notice that anything happened. Those happen frequently.
This is why we actually need to review these before they happen to try to catch problems. Just forbidding it has lots of negative consequences. If you tried, you'd see lots of faux-mergers where two companies ended up making sealed agreements to operate together, and you wouldn't be able to ban all of them because, not only is that a thing that happens all the time in non-merger businesses, but those would be the only way that lots of desirable activity could happen. Many of the harms you've seen from mergers would happen from that instead. When there is a problem as multifaceted as the harms that come from a lot of private equity, the solution tends not to be as simple as we would like it to be.