3 ms·
I worry that this would introduce cost disease[1] in legal fees. In the case of healthcare and education, I believe that cost disease is caused partially by an
by throw10920 4y ago
I worry that this would introduce cost disease[1] in legal fees.
In the case of healthcare and education, I believe that cost disease is caused partially by an excess of funding - subsidizing. In the case of healthcare, it's insurance. In the case of education, it's grants and student loans. These mechanics greatly reduce the pressure of service-providers to reduce prices - and so they increase prices because they want profit.
If legal fees, which are high enough as it is, were also subject to subsidization through this kind of organization, then even though members would be temporarily better-off, I would expect that as more people made use of these organizations, legal fees would start to rise even more - a tragedy of the commons.
Besides, aren't these lawsuits symptoms of a problem? We want to address the disease (overly complex legal system requiring an expensive education to understand, mechanics that allow for patent trolls), not the symptoms.
[1] https://slatestarcodex.com/2017/02/09/considerations-on-cost-disease/ https://slatestarcodex.com/2017/02/09/considerations-on-cost...