This doesn't match my understanding of regulatory capture [0] - is there any evidence that this company specifically orchestrated the EU's data protection laws in order to benefit from by blocking out competitors? Would be unexpected, since laws like GDPR predate its founding.
Companies don't write laws. All regulatory capture requires is for the company to be benefiting from laws and/or policy designed to exclude foreign companies and/or other competition. The point is that type of economic productivity is useless and derived from corruption in a free market. For years the EU has attempted to exclude US tech companies from competing and this is a continuation of that.
And for what its worth your wiki link seems to agree with me, I'm not sure why you posted it.
The CLOUD Act is becoming a bigger and bigger deal here in Europe. It definitely kills deals.
"No. The CLOUD Act applies to all electronic communication service or remote computing service providers that operate or have a legal presence in the U.S. For example, the CLOUD Act is also applicable to a cloud service provider that is headquartered in the EU and has operations in the United State"
As if any company isn't going to create a subsidiary for that.
Perhaps trust could be regained if the country was renamed to Lower Canada by popular vote. I’m not sure anything else would help at this point.