I would personally give up the “thriving” market if it meant software was developed with users interests in mind. Much of the tech growth in the U.S. doesn’t actually result in higher quality of life in the long run
The point of these regulations is acknowledging and asserting that users (and people in general) matter more than a thriving market for tech and innovation - yes, user-hostile software benefits the market, but that's a cost we aren't willing to pay.
Why do you value tech and innovation over the actual customer experience?
As if that has to do with anything relating to regulation?