This is a great article describing a very American problem.
Laws and too many laws are strangling America.
Ironically-the law is also being held in contempt by the current American administration. The Obama administration clearly feels it is above the law. This is all the more rich given the law background of the Great One himself.
I was astonished that in America, you cannot recover costs in a lawsuit. The fact that a litigator may have to pay damages if he or she loses, creates a very strong deterrence to abusing the system.
"Critics of lawsuit abuse focus on the cost of litigation, but the bigger harm is that fear of lawsuits itself deprives us of good things."
"We don't even know how many wonderful life-enhancing products we
might have today if innovators didn't live in a climate of fear."
"I don't suggest that we should be at the mercy of rip-off artists.
Some lawsuits are useful -- if businesses commit theft or fraud, they
should be sued. But American law encourages suits. In other
countries, if you sue and lose, you and your lawyer must pay the court
bills of the people you dragged into court."
"When I started consumer reporting, I believed that only legal rules
could protect us. But it's not true. The rules just give us a false
sense of security. The free market does a better job protecting consumers. Competition protects us. Repeal most of the laws. Let the market work its magic."
