"Many businesses will struggle to comply with the European Union’s new rules, and officials in member countries will have a hard time enforcing it consistently. “We will have a learning curve,” said Isabelle Falque-Pierrotin, who heads France’s privacy regulator, the Commission Nationale de l’Informatique et des Libertés. “We will have to adjust.”
But it is increasingly clear that businesses will figure out how to live with and make money under tougher privacy rules. Some companies are also planning to apply some or all of the data protection requirements to all of their customers, not just Europeans. And other countries have or are considering adopting similar rules. Throughout history, meatpackers, credit card companies, automakers and other businesses resisted regulations, arguing they would be ruined by them. Yet, regulations have actually benefited many industries by boosting demand for products that consumers know meet certain standards.
Facebook and other internet companies fear privacy regulations, but they ought not to. Strong rules could be good for them as well as for consumers."
