No - then it's a business opportunity for smaller countries, with "looser" copyright rules and enforcement, to build a world-class VPN industry. The Switzerland of VPNs is a historical inevitability: even the rich and powerful need it.
And then we'll get countries being strong armed by "Western Democracies" to ensure top-flight talent and media execs still get paid 200x what the poor schmucks doing the actual work get paid.
Yes, that's a sad prospect. However, at that point I assume there'll also be no countries to host content in either so VPN would be useless in any case.
I assume at the point Tor's popularity will surge.