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Good question. Lets take lawyers a side. How much would you pay to somebody to ensure that a big evil corporation is not cheating their ~10M customers by $10/y
by tlogan 9y ago
Good question. Lets take lawyers a side.
How much would you pay to somebody to ensure that a big evil corporation is not cheating their ~10M customers by $10/year (100M/year in total)? $10M? $50M?
- astrocat 9y agoThis is the perspective that makes sense to me. Regular Joe individuals may not be getting rich, or even getting decent compensation for the harm they experienced, but is society getting a benefit by having a process that disincentives large companies from harming millions of people in small ways for big profits? I'd say that yes, that is VERY valuable for society, and if a handful of lawyers are getting millions for it... so what? This doesn't mean it's the ideal solution to widespread consumer harm, but it's a tool we have at our disposal NOW instead of hypothetical legislation or regulation we might have at some point in the future...