[lm28469]

We need regulations because people will go as far as they can to make more money. Businesses were upset when their country banned child labor while their concurrents' country didn't, same when weekends, vacations, reasonable work weeks were introduced. What about safety requirements, food quality inspections, &c.

Self regulating markets are a myth, just look at the US insurance and health industries if you want a proof.

That's also why in healthy countries you get a lot of free passes when you start a business: lower tax rate for a few years, 0% loans, advisors paid by the state, &c.

> regulation will just make it harder for these massive companies to be toppled as it makes it harder for smaller companies to comply.

Why did no one topple apple, amazon or google in the last 25 years? If anything the lack of regulations when they started allowed them to become the de facto monopolies we all know today.

[manigandham]

Some of those companies aren't even 25 years old. They didn't get toppled because they were the young upstarts growing into incumbents.

The problem isn't supporting privacy and data rights, it's doing so in a way that creates unintended consequences which actually worsen the market and UX for consumers. There are better ways this regulation could've been written, but it wasn't. That's the issue.