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At least where I live, private arbitration is well appreciated: much faster, cheaper and reliable than the judicial system. So, yes, here I'd advocate most of t
by rmbyrro 5y ago
At least where I live, private arbitration is well appreciated: much faster, cheaper and reliable than the judicial system. So, yes, here I'd advocate most of the judicial system to be privatized.
- rectang 5y agoWhere I live (USA), private arbitration is definitely preferred by many corporations who require it, and despised by the people who are forced into it. See for example, "The Problem of Sexual Harassment and Forced Arbitration": https://www.correiaputh.com/news/problem-sexual-harassment-forced-arbitration/ https://www.correiaputh.com/news/problem-sexual-harassment-f...
- drdaeman 5y agoIt's not an issue with private arbitration per se, it's an issue of being practically forced into it under unreasonable terms with no alternative options.
- rectang 5y agoThe fact that you can't do that with the public courts but you can with private arbitration makes it an issue with private arbitration. Parties with fewer resources are at a huge disadvantage in either system, but there are degrees of disadvantage. It is misleading to examine the outcome of arbitration once the rules are "agreed" to without taking into account that the process of setting the rules strongly influences said outcome.
- drdaeman 5y agoIf private arbitration is not forced upon you, then there is no problem. Thus, it's not a private arbitration issue, it's forced and unappealable private arbitration issue, which is a different matter (not the thing itself but how this thing is applied)
- hellbannedguy 5y agoIn the USA, it's often unfair. Companies pay the arbitrators salary. I have a $60,000 credit card judgment on me. (29,000 x 10% yearly) I had no say in the mediation. Just guilty on all accounts. I'm Judgment proof right now, but I need to do a chapter 7 in Santa Rosa. I really hate giving a lawyer $3000 for a simple uncomplicated chapter 7, but don't have the balls to do it myself. I just remembered the credit card company that really irritated me. It was Columbia Credit something. They screwed over thousands of people. Some people had their identy stolen, but got on sympathy. The arbitrators (Usually retired alcoholic lawyers) rubber stamped everything. Consumers fought back, but lost. A judge ruled all judgements were valid.