The measures related to lawsuits are misleading and terrible, because of the way class-action lawsuits have incentivized lawyers to pursue dubious cases against large companies.
Don't they still need to win to get paid?
Big Food vs. the People
11–20 of 196 posts
Re: Big Food vs. the People
#12america has a monopoly problem
Indeed if we could solve one thing with our gov't, I'd want it to be antitrust enforcement. For an ostensibly free market society we seem awfully willing to accept it being anything but.
Free markets tend to produce monopolies. You know how economies of scale are a thing? That's another way of saying that small companies lose to large companies at scale. "Disruption" or "agility" is the only thing that small companies have going for them, but once the monopolist gets large enough they can just buy up any upstarts and keep the market all to themselves forever. This is why you require governments to periodically shake the snowglobe and restore markets to competitiveness... until the monopolist gets big enough that they just buy the government, anyway.
Re: Big Food vs. the People
#13I'm about as hippie with my food as you can get, but this "article" is badly written propaganda that conceals more than it reveals. Half way down the article you learn that ~80% (193 out of 239) of the lawsuits are in Mexico and
> many of them were against the country’s labelling regulation. Quinto Elemento Lab reveals the companies’ arguments: that the laws were a violation of their constitutional rights
But the article doesn't say what those rights are, which makes me think the lawsuits were just
Re: Big Food vs. the People
#14Re: Big Food vs. the People
#15The measures related to lawsuits are misleading and terrible, because of the way class-action lawsuits have incentivized lawyers to pursue dubious cases against large companies.
Don't they still need to win to get paid?
They're purchasing lottery tickets that are mostly paid for by tax payers who fund the court systems.
Re: Big Food vs. the People
#16Re: Big Food vs. the People
#17Re: Big Food vs. the People
#18Earlier quoted context omitted.
Indeed if we could solve one thing with our gov't, I'd want it to be antitrust enforcement. For an ostensibly free market society we seem awfully willing to accept it being anything but.
Free markets tend to produce monopolies. You know how economies of scale are a thing? That's another way of saying that small companies lose to large companies at scale. "Disruption" or "agility" is the only thing that small companies have going for them, but once the monopolist gets large enough they can just buy up any upstarts and keep the market all to themselves forever. This is why you require governments to pe…
Exactly. If you ask anyone on the street, "is it easier for a fast food worker or a business-owning millionaire to make their next million dollars?", common sense will prevail.
Money begets money (and power). It doesn't require an economics degree to understand this positive feedback loop.
Re: Big Food vs. the People
#19america has a monopoly problem
The article says 80% of the lawsuits were in Mexico and ~3% were in America.
Re: Big Food vs. the People
#20america has a monopoly problem
I think chess and scrabble are more popular here