Not even close. These solutions we have seen, both legal and from the browser level, are the equivalent of walking around nude in a busy city with a sign hanging around your neck saying "Please no photos." (I gave a slightly different analogy in another comment.)
A browser "do not track" request presents absolutely no true privacy, nor does fining forcing all web sites to implement custom pop ups which block site usage if the visitor doesn't agree.
These solutions are stupid, the things they claim to accomplish are already possible by the user's own choice, if someone could be bothered to tell them how to do it.
If these political entities really cared about privacy here are some of the things they would be doing:
a) blocking foreign intelligence agencies from openly monitoring all internet traffic in their country (and I don't just mean the NSA)
b) pass laws radically reducing or eliminating ISP logs rather than increasingly them
c) investigate private companies engaged in mass-surveillance that also use cookie-less tracking techniques. (Facebook mass facial recognition, several nameless companies claiming to prevent ecommerce fraud, etc)
e) spend money educating the public about simple, free, existing techniques to ensure their personal privacy
What you are witnessing in regards to cookies is a hoax, meant only to distract from the real issues.