[CobrastanJorji]

As long as international companies have the option to exclude any local government, they can simply vote by participation. Texas requires something that a Swiss social network cannot abide? Block Texas.

This doesn't work when a law doesn't allow some foreign company to escape, though. Suppose Texas decides that toy makers are liable for toys that hurt children. A Swiss company that makes army knives for kids decides not to sell to Texas, but other people buy some and then resell them in Texas. If the original manufacturer can't avoid the local government, that's more complicated.