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by fiatmoney
4424 days ago
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"Strength" is not a metric here. There is a principal-agent problem because the lawyers are able to convince a court to give them the right to represent the class. They then have a much lower standard of responsibility to the class. You need a solution that aligns the plaintiff's interests and the lawyer's interests - one way to do that is to have them negotiate with the plaintiff rather than the defendant to get paid. Of course, this puts a greater burden on potential defendants - you'd probably see lower volume of suits and higher damages / penalties. It's unclear how the total would shake out. |
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Strength is not a metric if your goal is to require moral perfection from those representing workers before placing any burden on law-breaking capitalists -- a not uncommon perspective among those concerned about "fiatmoney". If, on the other hand, your goal is to allow the rare employment market in which workers actually have some power to function as a free market, then you might treat legal principal agent problems as issues to be managed rather than excuses to allow capitalists to break the law with effective impunity.