Instead of forcing those cookie banners Europe should have had an Airbus moment and fully funded a privacy first web browser, then Europe would be a player in the web and not looking in from the outside.
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Hard disagree.
Legitimate companies will obey the law; be that the GDPR, anti-corruption or anti-pollution laws to pick a few examples.
There's also a basic imbalance of power -- for instance, if you don't fill out the paperwork to get medical care that says (1) everybody who could possibly have a reason to access your data can, and (2) we're going to do that at a cost 1000x more than just leaving all the paperwork out on the curb you don't get medical care.
People don't really real all those clickwrap licenses, I mean, Sony makes you scroll to the bottom of a 50 page contract just to play a video game.