I'm not sure if it would we a screw up. I mean, I actually liked early 2000-s, when Internet was kind of place of reigning anarchy as if there was no government and evil corporations, but let's just face it: it's long gone. Maybe there will be something else to offer the same kind of experience in the future, but it will never be the Web again, it's dead, taken by the enemy. Parents are home again. So, speaking about the least evil, you know, I would be actually glad, if Facebook (as it is now) would never enter the EU — and maybe somewhere across the ocean whole nations would be enslaved by it, I wouldn't care, because I don't have to use it, since my friends, local businesses and events don't force me to.
In fact, it seems that it's finally the case when people around might have to be "protected", since they cannot make the right choice themselves, and push me to it, as a consequence. So, being quite a libertarian myself, given the imperfect situation I find myself in, I'm not sure I mind some government interference.
I actually hate all these pop-up banners warning me about the cookie usage, and I'm not sure if GDPR (being vague and undefinitive it is) will turn out to be a good thing, and I sure hate this copyright filters thing. But I kind of like EU trying to force Internet-businesses to behave.