Re:Supreme Court allows multibillion-dollar class action to ...
by JumpCrisscross on Sunday November 24, 2024 @05:55AM
(#42227215)
> large investors and executives have far more power
This is accurate. Money is power. The point is that independent of wealth, the hierarchy holds. Even among the wealthy, the most powerful suits allege breaches of consumer rights or fundamental freedoms.
Re:Supreme Court allows multibillion-dollar class action to ...
by mmooss on Sunday November 24, 2024 @02:23PM
(#42229776)
> Even among the wealthy, the most powerful suits allege breaches of consumer rights or fundamental freedoms.
Could you give examples? The most 'powerful' (not sure what you mean exactly) suits are that I can think of off the top of my head are about M&A.
> If you engage the legal and regulatory system properly as a consumer, you can move mountains. Even without a lawyer.
I have never heard someone claim that (which doesn't make it false). Almost everyone I interact with says the large investors and executives have far more power - and now far more power than ever. Companies trample on consumers and treat them like crap all the time - I don't know anyone who thinks consumers are powerful.
Use the legal system and you can end up buried in paperwork, discovery, and an unaffordable lawsuit that consumes many years of your life with no reliable outcome. Most people have to settle cases rather than fight deep-pocketed parties. Often you can't even get to court because of arbitration agreements, etc.
Who has done the things you claim? Is there some measure of how many?