Regulations absolutely raise the bar for new companies and give an unfair advantage to established companies who can afford the legal costs and additional staff

Regulations absolutely raise the bar for new companies and give an unfair advantage to established companies who can afford the legal costs and additional staff. If I were a strategist for a large corporation, I would push for regulations that would hurt smaller competition. Startups that specialize in easing the pain of compliance do help. I recently had to implement tax collection in an app and a third-party API saved me a lot of work. However, it was still a drain on resources and took over a month to implement and test. I don't know a lot about GDPR, but the requirement to permanently delete all your information is absurd, especially if you need that information for a legal context. What if a customer sues you years later and you've deleted all their information? I don't get it.