I see a lot of comments deriding this law, can someone explain to me why these are bad things? Quoting from this article - https://techcrunch.com/2018/06/28/landmark-california-privac... - Businesses must disclose what information they collect, what business purpose they do so for and any third parties they share that data with. - Businesses would be required to comply with official consumer requests to delete that d…
> - Consumers can opt out of their data being sold, and businesses can’t retaliate by changing the price or level of service. This is something I object to. It's just fundamentally stupid and doesn't make sense. The entire premise of free exchange is that I give you my services in exchange for something of value of yours. Making it illegal to withhold services if you don't give up your data is crazy. The only reason…
Not if the thing I value is my personal data. Because I, as a typical short sighted consumer, will consistently underestimate the value of my data, as well as how my data affects those around me (extreme case: my data is my social graph, which you can use to reconstruct the social graph of my acquaintances).
If I don't know the actual value of what I am giving up, I am naturally going to get swindled.