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I strongly suspect that arbitration is a defensive reaction to broken aspects of the US civil litigation system. Fixing the system would be much better than ba

I strongly suspect that arbitration is a defensive reaction to broken aspects of the US civil litigation system. Fixing the system would be much better than banning arbitration, but it's also probably very, very hard. So here we are.

Mechanical9 3y ago
It's a defensive reaction to the fact the US has vague, crappy, outdated laws about everything. Litigation is needed absolutely everywhere because every situation falls through the cracks of the law, which obviously overwhelms the courts. So what happens instead? Each company comes up with their own detailed, up-to-date, heavily skewed set of rules. And we agree to use their private court system or go to another company that does the same thing but slightly different.
- tptacek 3y ago
  What would those "crappy, outdated" laws be? We have one of the more functional commercial law systems in the world.