3 ms·
> The litigation culture of having individual people sue for damage doesn't go to the root cause Doesn’t it? The root issue is an externality: social media com
by throwaway1851 4y ago
> The litigation culture of having individual people sue for damage doesn't go to the root cause
Doesn’t it? The root issue is an externality: social media companies profit from the user engagement that addiction provides, but do not bear the cost of the addiction. Creating a private right of action (preferably with asymmetric fee award exposure) both enables and incentivizes the charging of those costs to the companies.
Admittedly, this “litigation culture” as you call it is inefficient. But I think it’s generally more effective than the alternative of having top-down regulatory intervention, where you have to contend with issues such as regulatory capture and the general ineptitude of government bureaucracies.