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> Would freedom be allowing for gambling or banning gambling? It's not so binary. You could allow for regulated gambling that mitigates the social problems, b
by Lionsion 8y ago
> Would freedom be allowing for gambling or banning gambling?
It's not so binary. You could allow for regulated gambling that mitigates the social problems, but ban unregulated gambling.
> To me the real issue is the lack of informed consent in these contracts, as people don't understand the consequences of an arbitration agreement.
I agree that's part of the issue, but not the "real" issue. For example: if you desperately need a job and someone puts an all-or-nothing employment contract with an arbitration clause in front of you, you'll sign even if you fully understand that arbitration is a bad deal for you.
The real issue is that these arbitration clauses can be put in a non-negotiable, all-or-nothing contract by the more powerful and savvy party to the determent of the weaker one.
- PurpleBoxDragon 8y ago>The real issue is that these arbitration clauses can be put in a non-negotiable, all-or-nothing contract by the more powerful and savvy party to the determent of the weaker one. In this case, given the difference in power between the two entities, I think the issue is still consent not being valid. Arbitration is one bad thing to stick in, but there are many other clauses that a person would normally not agree to but who are coerced by the situation to agree to. To me the issue is still a matter of given consent when in a coercive interaction where the parties involved has significant power differences.