People saying that the laws are only there to ruin your business are mainly non-Europeans who have at most read a shallow blog posts on the topic, also written by non-Europeans.

The EU laws and regulations are quite simple to follow, and I dare say that it's much more difficult for those large corporations you mentioned because they usually have much more responsibilities. Smaller companies with a smaller scope do not have to worry about rules which do not concern them and their business.

So, to answer your question, yes, this is exactly what I want personally. For-profit actors need to be scrutinized.