Politics ideally try to generate the highest sum of wealth and well-being across all citizens. Having healthy corporations is nice, because it means your citize

Politics ideally try to generate the highest sum of wealth and well-being across all citizens. Having healthy corporations is nice, because it means your citizens have work, get paid etc., but it's not a goal unto itself. If those corporations are healthy, because they exploit your citizens, then they generate on average negative wealth. So, you need to put laws into place that balance things out. That's why the EU might want to put these laws into place. You also seem to be misinformed about the GDPR. An essential part of it is that companies outside of the EU now do have to abide by EU data protection laws, if they want to process data of people in the EU. This really improves the situation for EU businesses, as they do not anymore have to compete against Google, Facebook, Microsoft and the like on uneven grounds. This is described in section 2 here: https://gdpr-info.eu/art-3-gdpr/ https://gdpr-info.eu/art-3-gdpr/