It is the most democratic situation. Companies can decide between a leave that market, b treat the whole world by the strictest laws or c only follow those laws

It is the most democratic situation. Companies can decide between a leave that market, b treat the whole world by the strictest laws or c only follow those laws for those residents. If the cheapest solution is b, and capitalism demands the cheapest solution, then that’s useful information for the shareholders to choose a path. Just because we know what they will always choose doesn’t make it undemocratic.