Globes: Israeli food retailers must publish all prices on Internet

Oh, this isn’t going to go well…

Minister of Finance Yair Lapid and Minister of the Economy Naftali Bennett signed regulations today for promoting competition among Israel’s food retailers by obliging every large retailer to publish its prices on the Internet. The regulation applies to nineteen retailers in Israel. They will have to publish on the Internet prices for all the food items they sell in their stores.

Not that the technology isn’t there, but to actually force the issue through legislation and regulation is a little bonkers.

Source: Globes



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