Re:Gawker Files for Bankruptcy, Will Be Put Up for Auction
by internaut on Friday June 10, 2016 @04:26PM
(#11879725)
Well put. I think a silent majority of journalists are thinking this while their less introspective colleagues reduce the situation to David vs Goliath.
I'm with David Friedman on this.
http://slatestarcodex.com/2016/06/05/ot51-alien-vs-threadato...
Making tort claims marketable solves multiple problems:
1. The tort victim who can’t afford a lawyer. He may be able to get a law firm to take the case for a share of the award, but …
2. How does he know which law firm will do a good job, which do a bad job, which sell him out for some covert payment? If he can sell his claim, all he needs to know is which firm offers him the highest price.
I know some liberals think libertarians are gaga for markets but it seems like this would serve their egalitarian goals as well. Personally I had never considered the potential for the first point but now it seems obvious.
The only thing stopping Gawker being crushed before was the fact it had a multi million dollar corporation behind it, and was happy to flat out ignore any complaints they didn't like. Now someone with more money comes along, they get smashed to a pulp and everything somehow changes.