Even when the lawyers do help their clients, they hurt everyone else because fear of their lawsuits takes away many good things: Swimming pools, playgrounds and gymnastics programs close because liability insurance is so expensive. Kids lose their favorite places to hang out in the summer.Is it time for tort reform?
More importantly, innovators dump potentially life-saving inventions. Companies that started work on a safer asbestos substitute, an AIDS vaccine and a Lyme disease vaccine gave up the research because any work in those areas risked stirring up the lawyers. The liability risk was too great.
Wednesday, July 07, 2010
From John Stossel: