> We as European businessmen were and still are unable to generate the same kind of innovation as the US
Tracking people around the internet. To follow them everywhere they go and save their personal information, their political ideology, etc. It is not innovation, that's just stepping over personal rights.
> I don't think it is about ethics, it is about control.
Yes. About giving back control of citizen privacy to the citizens themselves. It is not the government that decides who can own your data or when to delete it. It is European citizens that decide individually who should have their data and whom can not.
> EU should try to make it easier for European businesses to compete with US-based ones.
If you give away freedom for economic gain, you don't deserve either one.