The right to be forgotten is actually a powerful mechanism to protect individuals. Though, the law should possibly revised such that it only applies to individuals that are not a public figure, who can prove to have little or no range of responsibilities.
The right to be forgotten flies in the face of capitalism. You cannot assume you act in perfect self-interest without total and perfect information. The first can be easy to acquire, the second harder.
The right to be forgotten impedes on total information awareness and the desire to make the perfect rational decision with your money.
This is a good thing. Total information is not perfect information because of bias and context. Someone seeking such information will process it through a biased lens and never attain perfection. In that case, the individual under the lens will lose out.