This is consolidation of power, finally locking down the Free Internet just as we've done with every other industry. Stripping the power to change from the small.
And what are we doing about it?
PS: Jonathan Strange: Great books and even better TV.
The problem is that 'normal' people don't know how to use most distributed/encrypted/stick-it-to-the-man products, nor do they care.
Make our own content and host it ourselves?
This type of law is only effective due to centralisation of Internet services. If everyone self-hosted and was accountable for their own content there would be no scope for such legislation. All HN would hold would be linked-lists of URLs, no actual comment content.
Imagine a decentralised, federated HN where each comment originated from its owner's site.
This type of law encourages that very centralization. Look at the provisions of GDPR, for example. Do you think a two-person startup is going to have the resources to deal with all of its provisions? Or in this case: do you think that a new video-sharing startup is going to have the resources to deal with the more stringent copyright enforcement requirements?
The EU has, in effect, made a Faustian bargain with Google, Facebook and Twitter: if you accept our regulation, we'll ensure that you have no competitors.
GDPR is a bad example, because yes, that's definitely possible. And it should be, if that startup handles personal data.
“copying restrictions were authorized by the Licensing of the Press Act 1662. These restrictions were enforced by the Stationers' Company, a guild of printers given the exclusive power to print—and the responsibility to censor—literary works”