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In the US, lawsuits are one of the primary ways used to compel behavior, especially from corporate institutions. While your solution has merit, it suffers from
by araes 3y ago
In the US, lawsuits are one of the primary ways used to compel behavior, especially from corporate institutions.
While your solution has merit, it suffers from tragedy of the commons issues. I cannot compel other customers to stop eating there. I cannot compel other fast food restaurants to act better.
Quality version: McD and Wendy's look at BK, and see BK makes large profits selling junk, look at their own process and say "we waste money on quality we don't need", and then they all race to the bottom.
If the situation is bad, and the market mostly colludes (such as with recent price hikes, where everyone knows everyone else is going to raise prices, so they all do), then all you're left with is: "They all act that way, because they know we have no options." All burgers now cost $5 more. Bloomberg at least refers to this phenomenon as "Excuseflation." [1] Also similar to "Shrinkflation." (Products across all stores slowly become smaller)
[1] https://www.bloomberg.com/news/articles/2023-03-09/how-excuseflation-is-keeping-prices-and-corporate-profits-high#xj4y7vzkg https://www.bloomberg.com/news/articles/2023-03-09/how-excus...