On the other hand, the EU has finally brought telco to their knees. We had the situation where as e.g. a T-Mobile Germany customer, you'd pay exorbitant roaming fees to use mobile internet or to call on the T-Mobile Netherlands network. It's still expensive, but getting better by the year, thanks to the EU intervening in such cases.
But telephony was invented over 100 years ago - and given the USA completey screwed up telecoms deregulation its a case in the kingdom of the blind the one eyed man is king.
You had to do far more than just change your privacy policy and this was for more than some trivial site with 200 pages or so.
Try implementing it across a global 500 publisher with maybe 60+ major internet property's many of which are built from 3 or 4 CMS's over a decade and it quickly adds up.
Just finding all the pages on a large site to apply the changes to is a non trivial problem.
Most of the technical revolutions in the past decade(s) was brought to us by the giants. Never by the governments.
The most that will happen is more variants of the demented "cookie law" and "Google deletion law".