4 ms·

Yes, I noted that regulation or legislation is better, but we don't have them now. Under the current system, class actions are valuable instruments for consumer

Yes, I noted that regulation or legislation is better, but we don't have them now. Under the current system, class actions are valuable instruments for consumers. No one, myself included, is saying class actions should be "the final method", just that it's wrong to argue against them when they are currently generally the only method available to consumers for certain kinds of harm. I'd be the first to support robust regulatory protections that protect consumers to the point that they render class actions redundant, but sadly we don't live in that world.

jellicle 9y ago
You don't live in that country. Many other countries do indeed have much stronger consumer protections. Regulatory ministries in other nations often have nearly plenipotentiary authority in their area of regulation. Once your business is noted as doing something anti-social, you can expect increasing interest from them, and they have full authority to just inspect the books and premises of your business and see what you're up to, and decide how they want to react to it. Class actions are a poor substitute for good regulation. They are the bare minimum, or somewhat less than the bare minimum.