Earlier quoted context omitted.
> you don't have a right to dictate to others how to run their business. Actually, we do. It's called democracy and how laws are made that companies have to adhere to.
Democracy has jurisdictional limitations. Good luck extraditing company owners/managers for the crime of "didn't display a cookie banner".
While that's an entire different scale as "didn't display cookie banner" the mechanisms are the same and in place. If the EU finds privacy infringement important enough the infringer will be warned than fined[1]. I'm no lawyer, but I would expect that when a company doesn't pay that fine, they'll ultimately be prohibited from doing any business in the EU. e.g. through blocks, frozen accounts and such.
[1] https://commission.europa.eu/law/law-topic/data-protection/r...