Now, for a productive conversation, I'd recommend you putting effort in as well, instead of just sea lioning [6].
[0] https://en.wikipedia.org/wiki/2020_Beirut_explosion
[1] https://en.wikipedia.org/wiki/Cambridge_Analytica#Privacy_is...
[2] https://arstechnica.com/tech-policy/2022/10/company-that-mak...
[3] https://www.pbs.org/newshour/health/analysis-health-insuranc...
[4] https://arstechnica.com/health/2023/07/not-again-bone-grafts...
[5] https://arstechnica.com/science/2022/08/poopy-lettuce-at-wen...
Nobody is gonna argue that companies are going to require zero regulation. There will be instances of companies trying to bullshit their way to get more profit, and for this reason the regulations exist, but these all isolated cases.
The point is that widespread advertising legislation on every single company by non technical people in the government under a false pretense of increasing privacy is not really a good thing. Governments should be there to step in when companies get out of line, but in that case, the task is clear. Introducing legislation that later on can be used to push more nefarious agendas are not.
After all, both governments and companies are ran by people.