These laws are bad for a lot of reasons. One thing is certain: they will drive up prices. The Tech companies usually pass the costs on to comply with this stuff onto the users, naturally.
We are now in de facto monopolistic behavior (think apple, Microsoft and Google or Azure, GCS and AWS) with permanent price raises of the richest companies in the world. Data interop can break this de-facto monopoly and allow competition.
By no means do I believe the problems stem from our corporations. Instead, the problems stem from the government, "social" policies, high taxes, etc. Our corporations are not the problem.