Chamber of Commerce back to old tired screeds
Guess they’re through licking their wounds over their electoral losses earlier this month. The Chamber of Commerce is back with its tired screeds about the “costs” of lawsuits. According to the Chamber, the “lawsuit industry is booming.” I’m sure that has nothing to do with the Chamber’s role in federal deregulation. As well, I’m sure that the various market and consumer frauds that led to the financial collapse would have nothing to do with why there might be more litigation.
The Chamber can’t have it both ways. If it wants dergulation, then it must accept that lawsuits will happen when deregulated actors cross various lines. On the other hand, if it truly wants less lawsuits, then the Chamber should welcome regulation as the alternative approach. But arguing against both regulation and lawsuits can mean only one thing: The Chamber insists that American business should answer to no one. I think our current financial crisis explains exactly why “neither” is a bad choice.
David Sugerman
Tags: Chamber of Commerce, deregulation, lawsuits, sugerman