Also, I am an educated consumer and understand what a cookie is. Most people do not and do whatever is necessary to make the consent screen go away. Because of that, effectively they don't get this choice.
As one of the parent posts said, if it was implemented on the browser level, I would get the choice, and the cost of making the right choice would be smaller. If the defaults were to "reject unnecessary cookies" then most of the population would get the benefit.
The way it is right now feels like a net negative. Most people don't know what the consent is about and will not spend the time to learn it. Companies still find ways to track you that agrees with the letter but not the spirit of the law. I have friction whenever visiting a new website (or an old one that forgot my choice). The only winners are people who don't value their time and are smart enough to understand cookie consent. That's a small percentage of the general population.