Explain to me how companies could stay in business if they did not make a profit--then explain to me how people would have employment if there were no companies.
There is no doubt companies need to be held in check by higher authority but arbitration boards would be far less costly and serve same purpose--and you wouldn't have Block Buster scenerio where lawyers get millions and consumer $2 coupons.
When you have companies failing to bring new products to market because on cost of potential litigation thats a problem--as I said before 1/3 of cost of step ladder to consumer is for potential cost of lawsuits and that is just the tip of iceburg--you tell me-- how are we going to compete with other countries on trade with cost of labor and this hidden but extreme cost factored in?
--and tough make changes when large portion of politicians are attorneys Bill Clinton-Kerry-Edwards Hilliary (any of them ring a bell?)and which judge wasn't an attorney 1st--coupled with that the money they spend to protect this golden goose at the expense of corporations and the consumer----
Trial lawyers provided $60 million to opponents of tort reform between 1988 and 1996. There have been more than 90 cases of pro-trial attorney judges overturning tort reforms in 26 states over the last 15 years.
Between 1990 and 1994, trial lawyers gave $17.3 million to state candidates in Texas, California and Alabama ? more than the combined contributions of the Democrat National Committee, Republican National Committee, and labor and auto companies to federal candidates.
in addition the largest % of contributions to Kerry/Edwards campaighn were from attorneys--
"Overall, law firms constitute 18 of the top 25 organizations ranked by total individual and PAC contributions to the Democratic contenders for the White House. Dallas-based law firm Baron & Budd, whose employees contributed $64,250 to the Democratic presidential candidates, ranks second on the list. Rounding out the top five are Girardi & Keese, the Los Angeles law firm whose employees gave $62,000; New York law firm Skadden, Arps, Slate, Meagher & Flom ($56,900); and investment-banking giant Lehman Brothers ($54,150)."