Several recently announced Federal Trade Commission advisory opinions have revived anew the controversy surrounding what a businessman can and cannot do in the area of self-regulation. The reasons for the existence of the controversy can be readily understood, for on the one hand businessmen are being constantly urged by those within the federal government to clean their own houses before the Government is forced to do the job for them, and yet on the other they are faced with the specter of an antitrust prosecution if they do anything toward that end which they feel will be in any way effective. It is small wonder that the perplexed businessman, caught between these two apparent extremes, is beginning to wonder if he is suffering from an acute case of schizophrenia. Upon reaching out for what he thought was a panacea for his troubles, he finds instead only a pitfall leading to still more troubles.
William D. Dixon,
Self-Regulation-Panacea or Pitfall?,
U. Rich. L. Rev.
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