31–40 of 196 posts
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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.
Earlier quoted context omitted.
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.
I would personally categorize it as as subsidized not paid for since the lawyers get nothing if they fail which is a meaningful cost.
None of this is to say I support the current system. Class action lawsuits are now designed to get settlements that save the company targeted millions or more compared to the actual damage agreed to.
And giving the lawyers millions when each litigant is lucky to get $20 is not reasonable.
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People have to learn to recognize the patterns. In this case, lighthouse reports is an international NGO which receives on the order of ~1MM in income per year (an extremely common pattern for these NGOs), which was directly given to them by (unspecified) government grants and (unnamed) private donors (can see all this in their openly published annual reports). In exchange for the funding (80.38% of which they paid o…
1MM in any currency doesn't sound like a lot, especially relative to who they're up against...
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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…
Can you find true monopolies in the free market, in the last 100 years, that have lasted for at least 20 years, without some kind of government backing/suppression of competitors? I only know of one.
Things only count as monopolies if they have monopoly pricing power; Google is not a monopoly, they cannot even charge 1 cent per search.
In practice, despite economies of scale, large companies age and become bloated, inflexible, etc. So there's typically plenty of room for new companies to compete.
If a monopolist buys all upstarts, then that creates an even stronger incentive to make competing businesses! You don't even have to succeed in the market, you just have to get bought up! The more they buy out, there stronger incentive there will be to enter the market. No one can do this indefinitely- except with some kind of government support- say a regulation that makes it difficult to enter the market.
america 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.
I'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 art…
The cereal boxes in the stores don't have cute cartoon characters on them, and I tried to send somebody a box of chocolates and it got seized by customs.
Candy is labeled like cigarettes.
I'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 art…
People have to learn to recognize the patterns. In this case, lighthouse reports is an international NGO which receives on the order of ~1MM in income per year (an extremely common pattern for these NGOs), which was directly given to them by (unspecified) government grants and (unnamed) private donors (can see all this in their openly published annual reports). In exchange for the funding (80.38% of which they paid o…
Earlier quoted context omitted.
- “Purchasing”: The attorneys that are taking these cases for $0 in the hopes that they’ll get n% of $SETTLEMENT - “paid for by tax payers who fund the court systems”. The alternative would mean taking away the right of private citizens to sue.
I mean, I think you understand what I'm saying. They're externalizing the costs and internalizing the benefits. The same thing we complain about with numerous other industries. The alternative would not be to take away the right of private citizens to sue. There is, surprisingly enough, quite a chasm between identifying that some parties are taking advantage of a system and completely shutting that system down.
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In many European countries, the largest restaurant chain is American. Not great.
McDonald's might be the largest restaurant chain in Italy but that doesn't really mean much given how many small restaurants the country has with high quality food.
There is a reason those Italians live so long. Their McDonalds is better than others. It is literally illegal to sell McDonalds foods the way Americans make it.