Cookies stuff is indeed badly made and should be fixed. The should just mandate websites to accept a http header with relevant option (no-cookies, no-advertisment, no-tracking etc.).
Still, it's not the problem of regulator in itself. Rather, companies are taking advantage of the current version of the law because it's favorable to them - they know most people with quickly accept whatever to close the popup.
I am honestly curious. If you are willing to go as far as they have, why not go that relatively tiny extra step?
I think it is a problem with the regulator. The cookie agreement mandate has legitimately fucked up the web for everybody. It's also done it in a way that mostly neutralizes the intended benefit of the law (because everybody just clicks the "fine! stuff your cookies up my arse or whatever, just get on with it!" button).
But a competent regulator must both measure the impacts of their regulations, and take action based on that data. It seems a weird place to stop.
The problem is that every other company thinks they are Google or Meta. So they start overcollecting user data, in hope that one day they will be able to generate revenue from them. So they end up with overcomplicated compliance solutions and GDPR consulting fees, but without any actual use for the data they collect.
I need to record names and address across the European Union. What character encodings are illegal for such fields in a database?
Sure, Europe has some red tape that should be removed but don't paint it as some kind of Kafka's universe because it's not that bad. I'm from east side of Iron Curtain and I remember how bad that was.
Also, most of the businesses will do what's needed to be done because the market is big.
Personally, I prefer to live a life in a slightly over regulated place that at least keeps common people in mind than whatever is US turning into.