Dispute resolution is a problem where there are always more disputes to resolve than there are resources to do them adequately. There's a reason lawsuits are th

Dispute resolution is a problem where there are always more disputes to resolve than there are resources to do them adequately. There's a reason lawsuits are the exclusive domain of the wealthy, because if we let everyone use the system, it would collapse under its own weight. The right way to solve resource allocation problems is through the market which inevitably makes tradeoffs. Arbitration is just such a market solution. What's nice about market solutions is that we can regulate them. But it takes a long time to know what the regulations should be. Until then it's buyer beware.