Banking is a great example. FATCA forces banks all over the world to send financial information on American account holders to the USA. If a bank has even a va

Banking is a great example. FATCA forces banks all over the world to send financial information on American account holders to the USA. If a bank has even a vague hint that you might be a US person, they have to send all your personal financial information to the USA, so that the USA can collect tax from you wherever you are in the world. Not only is this terrible from a privacy perspective. It has cost foreign banks hundreds of millions of dollars to implement. It has cost Australian banks almost half a billion dollars over the past decade. Yet any time the rest of the world tries to make the USA play by their rules, the US government claims some moral outrage about sovereignty.