> All this data
What, from my two large customers? So EU says I violated article 5 and the personal data wasn't "processed lawfully, fairly and in a transparent manner in relation to the data subject". Ug, such subjectivity. It is so sad to see so many people want solutions to these problems that they assume the GPDR is it. I can't do business there just praying I don't misstep and go bankrupt or subjecting myself to the whims of these loaded terms like "transparency" until I am large enough to absorb the blow.
I think it's fair. You shouldn't break the law. That regulation may be overkill in terms of punishment, but that doesn't mean that the regulation itself is wrong. Laws are imperfect. Regulations exist in every industry and there's a reason for that. Over regulating is a burden for a business, but under regulating is bad for customers (or the environment, or whatever).
> And these regulations are a very minor impingement on free contract-making
Agreed, but it's a question of cost vs benefit. They may not be a minor impingement on smaller companies and consumer choice and may make minimal impact anyways. I think we can all see that, if the law is evenly applied, smaller companies stand to lose most. Granted, the EU tends to subjectively choose when to bring the hammer down and it's mostly on larger companies. But it's still not worth the risk.