I just became aware of this new regulation in the USA:
Many will say that is over reaction, and so it may be today, but what about in 10 years from now? I won't continue with boring examples, but there are plenty to illustrate unintended consequences of such seemingly benign regulation.
Just for your thoughts.
John
Anyone who has been awake for more than a few years knows that such seemingly "good" ideas can become very twisted in a bureaucracy. Let's say, for example, that one of us recommends a National Semiconductor product. Will you need to reveal that 3 years ago you received a free sample IC from it or face an $11,000 fine?The FTC said Monday its commissioners voted 4-0 to approve the final Web guidelines, which had been expected. Violating the rules, which take effect Dec. 1, could bring fines up to $11,000 per violation. Bloggers or advertisers also could face injunctions and be ordered to reimburse consumers for financial losses stemming from inappropriate product reviews.
Many will say that is over reaction, and so it may be today, but what about in 10 years from now? I won't continue with boring examples, but there are plenty to illustrate unintended consequences of such seemingly benign regulation.
Just for your thoughts.
John