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This is exactly why I'm fighting against Mandatory Binding Arbitration and Class Action Waivers. The system is slow, creaky, and arguably broken, but that's a _
by dwyerm 10y ago
This is exactly why I'm fighting against Mandatory Binding Arbitration and Class Action Waivers. The system is slow, creaky, and arguably broken, but that's a _feature_ if it means that companies are afraid of it.
I'm not having a whole lot of success in my fight, it seems.
- techsupporter 10y agoWhat hurts even more is that the supposedly enlightened companies that come out of Y Combinator also put in these clauses. When I asked one why, the reasoning was "our lawyers made us." Yet there seems to be no consideration that the business owner hates to be on the other side of that kind of clause all the while imposing it on his or her own customers.
- dwyerm 10y agoI empathize with them, though. It is completely rational to limit the impact of lawsuits on your organization. If someone hands you a Get Out Of Jail Free card, you take it, no matter how good of a person you think you are.
- techsupporter 10y agoI don't. I consider it to be morally objectionable to say "man, I really hate arbitration clauses as a customer" and to then turn around and say "well, I should impose arbitration clauses on my customers." Besides, limitation of risk is already possible in a variety of ways: insurance, company formation structure, and being reasonable with your customers. It is atrocious that a core feature of our constitution is so quick to be contracted away by people who are in the position to effect change. This goes double for Y Combinator-enabled companies because they operate under the guise of being better for their people, their customers, and their industry than others.