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Letting consumers continue to sue is not the answer. It only incentivizes more litigiousness, which is part of the things that are ruining American society. W
by pfarnsworth 9y ago
Letting consumers continue to sue is not the answer. It only incentivizes more litigiousness, which is part of the things that are ruining American society.
What we need instead is for the government to pursue these crimes on our behalf. The fines should be draconian with no options for them to dilute it the way the SEC does. And the fines should go towards some fund that specializes in charities instead of going to government coffers so that we don't incentive behavior like civil forfeiture.
- nkrisc 9y agoConsumers exercising their rights through the courts is ruining American society? Wow, what a world we live in.
- tertius 9y agoWritten by a lawyer, what do you expect...
- walterbell 9y agoRegulatory capture?
- vivekd 9y agoSo letting people who were legitimately wronged receive justice and fair compensation in court for that wrong is "litigiousness" and therefore bad? First, I think you misunderstood what litigiousness means. Second, merely labeling something as litigious doesn't make it a bad thing. Litigiousness refers to frivolous lawsuits not legitimate ones. However large corporations have done a campaign of trying to label everything litigious to try and save money. Personally, I like the fact that courts exist to let people redress wrongs. If regulation was so effective at stopping bad behavior, how did banks, one of the most regulated industries in the world, manage to open up phony bank accounts for customers with no regulatory involvement? In fact how did they cause the financial crash with no regulatory intervention? Regulation is a bad joke and I'm convinced it's just a PR stunt by the government to make it look like it's doing something.
- xphilter 9y agoWouldn't the counter be true, then? By not letting consumers sue, it only incentivizes more corrupt business practices?
- chrisbennet 9y agoI agree that we need "the government to pursue these crimes..." If the government did that, the need for consumers to continue to sue will mostly go away. Once we have real government protection of consumers the need for consumers to take justice into their own hands (so to speak) by suing would go away all by itself. In the meantime, let consumers protect themselves.
- darpa_escapee 9y ago> It only incentivizes more litigiousness, which is part of the things that are ruining American society. Can you expound on this? Any examples?