IAPP isn't a bad source IMO but hard to evaluate their methods, but lets see.
> Level of understanding about data collection and use
Netherlands : Weak - 14%
USA : Weak - 24%
Not great, I could spend time finding more, but the summary is that the EU has regulations that require companies to limit the useage of consumers information and privacy. The EU is consumer privacy focused, wheras the US seems to be Enterprise & Organisation focused, also it's state level enforcements fracture enforcement even further.
Lets look at the US CCPA vs GDPR :
A crucial difference is that GDPR requires individuals to opt-in before businesses can collect data while there is no opt-in condition in CCPA.
That should say it all.
Edit : I forgot to add, outside of Sanctions the EU has no control to simply decide to ban a company when it feels like it.
You start off sounding like you're arguing against the idea that the EU exerts more control over media than the US, but then most of what you said seems to support the fact that they do so.
Protecting people is always the justification. “We aren’t restricting your freedom, we are protecting you.” That governments seek to “protect” people from words on a page is wild to me.
> regulations are for the companies. But they’re not banned.
So if they don’t follow the regulations they simply keep paying fines indefinitely? Until they run out of money? Until the company goes out of business? We aren’t banning those companies, instead we’ll attempt to bankrupt them if they stay in our markets; unless they do what we say. In other words, extortion?