> I would argue the opposite: It actually makes European businesses worth off by continuing to make its regulatory environment so complex only massive companies like big tech or Europe's legacy players have the resources to comply.

Are you arguing that 27 different sets of laws was a better approach? That these countries would just gladly lie down and never regulate the societal-level harms, systemic lawbreaking, and massive infringement of privacy across the board? I don't think so.

For a moment the political system in the US seemed to get to the same conclusions as the EU under Bidens FTC and anti-trust cases. But the conclusions of that remain to be seen.