If company Foo leaks my personal data, I suffer, they don't, so without regulation there's no reason for them to invest in protecting it. Same with pollution and similar
The Europeans are very aware of the externalities of businesses. This translates to more bureacracy and often also into pretty dumb “solutions” (cookie banner). Gdpr is not one of those dumb solutions btw. Its annoying to implement, true, and it puts EU business at a disadvantage compared to US businesses, but it gives also power to the people. And that is what counts in the end.
Ask yourself: do you really want to live in a Jarvinian techno-monarchy, where companies are the ultimate power holders? I am not so sure I want that.
My hope for the future is that Europeans will eventually build proper alternatives to US companies and escape the chokehold. Then we all play by our own rules and no one is at a disadvantage. Seems like a pipe dream now, but then I remember that England ruled the world not so long ago and China was a third world country nit worth mentioning. Things can turn quickly!
One more thing: Brussel really goes too far, too often. So I am always crossing my fingers for more market liberal parties to gain influence. I dont like a huge government. Not at all. But i dont believe in the nightwatch government idea either.
The unnatural part is us trying to steer this large/public conversation away from the standards of small/private conversation, which is basically impossible but also a must, if HN isn't to self-destruct.
Edit: there's an additional twist, too, which is that HN's form factor feels like a smaller and more intimate conversation than it really is. That's great in many ways! But it obscures the fact that when people post here, they're really broadcasting to a large audience.