> why do people want regulators to... The first misconception is that governments do what people want. They do what serves their national and personal interest

> why do people want regulators to... The first misconception is that governments do what people want. They do what serves their national and personal interests. What people want plays a rather small role in it. Far to often they do the exact opposite. > I understand the hope is that companies will comply Not at all, they can comply or fuck off. The US gov just runs things differently from the EU. They want full access to everything in secrecy and will hand over or sell data to corporations if it serves US interests. It means for EU enterprise all information on suppliers, customers, orders, road maps, finances etc etc can be forwarded to your US competitors. You also forget how easy it is to make software. If [say] Microsoft no longer wants to do it there will be others. The whole point of the EU is to instruct how business is done here. It was specially designed to stand up to uncle Sam and his army of evil automatons.