> Regulations like the GDPR precisely try to give incentives for competitors.
It failed miserably at that, too. Apart from Plausible there's hardly any business worth mentioning that used GDPR as a competitive advantage. GDPR for the most part has been a stimulus program for lawyers and government busybodies.
> You can't take the GDPR, and conclude that regulations as an idea is bad.
Though I didn't make that claim, in fact I precisely think that more often than not that's indeed the case. Regulations often serve no other purpose than to create yet more red tape procedures and self-serving structures.
