Quote:
Originally posted by Rick Lee
Unlike China, the US market is far more capable of policing itself due to our extremely litigious society and abundance of tort lawyers. That culture does not (yet) exist in China, so there really is no one to rely on besides the gov't. And don't pretend their gov't. gives a rat's a$s about food or drug safety either. Life pretty cheap over there and their gov't. doesn't have to bother with elections. However, they are very image conscious with the rest of the world and bad quality control spells doom for exports and that is something they very much care about.
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So you propose that trial lawyers and the court system replace regulation? Our legal system will become even worse, something akin to India's.
How can the legal system work if there are few laws, governing agencies and regulations in which to hold neglectful and malicious companies to?
Seems like flooding the courts with tort cases is the wrong direction.
On the other hand there is a thing as too much regulation and too much government control, I just want to know where that line is in your mind.
I'm seeking that "line" in a round about way myself and have no doubt that I have a few contradictions and exceptions in me on this topic. Don't we all?