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Indeed. The cookie disaster is because the EU is being too nice. Of they actually brought down the hammer we would see a much nicer internet landscape.

I'm always all in for government regulation, as long as those regulations are in the benefits of the common man.

And (lacking) a fine multiplier for making the opt-out UI confusing.

It is indirectly due to EU's regulation. Average user doesn't care about your nuanced take, people around the world, billions of times have been annoyed by the cookie banner. If anything, the GDP lost due to this annoyance on a daily basis is probably in the millions if not billions of dollars.