If you are in the tech industry in the US this is actually a good thing, EU is trying very hard to remain and become even more uncompetitive.
Already, the EU is mostly a breeding ground for talent that is then extracted by the US. The more hostile and bureaucratic they become, the grater the pressure for the talent to leave.
It may appear that what the EU is doing is being hostile to US companies - and some individual US companies will indeed suffer. But the actual effect is to incentivize these companies to extract talent out of the EU as an insurance plan in the event of a pull out.
Given that native English speakers have a leg up in HR processes over here, I agree that everything that makes Europe a better living space is a nice thing for Americans who want out and largely can get out.
I work for a European tech company, and we have a noticeable uptick of American applicants over the years. Common (as in: almost every time) interview questions I answer are "Is it safe there? I work in [say, Portland] and we had just had gunshots again across the street" and "Can my kids ride the subway alone?". Colleagues who made the leap tend to tell me they are "glad they got out".
There’s some truth in what you wrote, but certainly this brand of “competitiveness” (meaning tragedy of the privacy commons) should not be considered a worthy goal to compete on.
Already, the EU is mostly a breeding ground for talent that is then extracted by the US. The more hostile and bureaucratic they become, the grater the pressure for the talent to leave.
It may appear that what the EU is doing is being hostile to US companies - and some individual US companies will indeed suffer. But the actual effect is to incentivize these companies to extract talent out of the EU as an insurance plan in the event of a pull out.