Analysis of economic and productivity losses caused by cookie banners in Europe

I am kind of frustrated by the widespread misunderstandings in this thread.

Laws are best when they are abstract, so that there is no need for frequent updates and they adapt to changing realities. The European "cookie law" does not mandate cookie banners, it mandates informed consent. Companies choose to implement that as a banner.

There is no doubt that the goals set by the law are sensible. It is also not evident that losing time over privacy is so horrible. In fact, when designing a law that enhances consumer rights through informed consent, it is inevitable that this imposes additional time spent on thinking, considering and acting.

It's the whole point, folks! You cannot have an informed case-by-case decision without spending time.

What I find funny about the whole thing is that the grand majority of companies with cookie banners are not implementing them correctly, and therefore are still in breach of the law.

I see constantly banners on sites that set tracking cookies by default, and delete them if you reject them in the banner (or even worse, not delete them at all!) – this is not compliant as the cookies were set before consent was given

Also see banners where there is only a big "OK" button, with no visible option to reject, this is also not compliant!

Look at how Google does it for Blogger. There is an OK button and a "Learn more" one. There is no reject. Are you saying they are breaking the law? EU would love nothing more than to levy more fines.