That misses the point completely, which is that globalisation is forcing governments to accept a lowest common denominator of regulation. You can debate the me

That misses the point completely, which is that globalisation is forcing governments to accept a lowest common denominator of regulation. You can debate the merits of this until the cows come home, but it doesn't change that it's happening, and while attempts to prevent it can have limited local short term success the long term perspective is that the power of government, even at the super national level (such as the EU) is being steadily eroded by private interests. As an example, we all boo whenever a country bans Twitter, but that's just them enforcing their local regulations, which I'm sure they have very good reasons for. (i.e. they may legitimately prevent a riot) This is no different.