What is the Precautionary Principle, and is it Good or Bad?

Title:
What is the Precautionary Principle, and is it Good or Bad?
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http://youtube.com/riskbites

Plenty of people have an opinion on whether the precautionary principle is good or bad, but what exactly is it?

RESOURCES
The Precautionary Principle website: http://www.precautionaryprinciple.eu/
UNESCO -- The Precautionary Principle (2005) -- PDF http://unesdoc.unesco.org/images/0013/001395/139578e.pdf

Communication from the European Commission on the Precautionary Principle (2000) -- PDF http://ec.europa.eu/dgs/health_consumer/library/pub/pub07_en.pdf

The Precautionary Principle and European Union Legislation: http://europa.eu/legislation_summaries/consumers/consumer_safety/l32042_en.htm

The Paralyzing Principle (2002) -- by Cass Sunstein, in case you are interested in an alternative perspective -- PDF http://object.cato.org/sites/cato.org/files/serials/files/regulation/2002/12/v25n4-9.pdf

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Risk Bites is supported by:
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