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Isn't this kind of exactly what the EU is showing us, that a global power isn't needed if countries actually set requirements and regulations.
There has been a lack of desire from law makers worldwide to protect consumer data even though it's very obvious that it should be a fundamental right to control who gets to know your personal information and worse, whether they can sell it. What I believe is happening here is the EU is setting a new standard that the US and UK and others will have to follow if they want to do business in the EU, unless they invest millions in infrastructure and staff. I believe the same happens in the US, one state such as California will make progressive law changes that force companies to just apply the same standards across other states as it's less legal and regulatory burden, so effectively one state can actually change the system for everyone, no global super government required. |
I believe your comment is somewhat true, but in your examples with the EU and California it’s mostly the case where (one of) the largest market(s) is able to set laws that govern the entire world. Which is great if everyone also happens to agree with the law, but it’s not the most democratic situation.