It's a little more nuanced than "many people...rationalize...because it's specifically targeting Google".

It wasn't that long ago that Google was forcing AMP onto the same publishers by making it a requirement to appear in the news carousel. That forced a lot of unwanted intrusion into content that wasn't Google's to mess with. Including a forced banner in the most valuable space, hijacking right/left swipes to navigate to competitor publisher sites, etc. They have a strong demonstrated history of doing the wrong thing in this space.

Though, I agree, this law and the outcome aren't the solution.