The ill effects from abusive lawsuits are well documented and include higher costs for consumers, reduced economic output, and diminished innovation. The adverse impacts on innovation are particularly troubling.
Not only is continued invention necessary for expanding our prosperity, but it is also key for mitigating problems such as global climate change or finding new technologies and treatments for troubling health conditions.
Take the state and municipal lawsuits being filed against energy companies as an example. When announcing his lawsuit, California AG Rob Bonta claimed that it is time to make oil companies pay for “the harm they have caused”.
Nothing contained in this blog is to be construed as necessarily reflecting the views of the Pacific Research Institute or as an attempt to thwart or aid the passage of any legislation.
Tort Abuses Threat To Innovation And Product Availability
Wayne Winegarden
The ill effects from abusive lawsuits are well documented and include higher costs for consumers, reduced economic output, and diminished innovation. The adverse impacts on innovation are particularly troubling.
Not only is continued invention necessary for expanding our prosperity, but it is also key for mitigating problems such as global climate change or finding new technologies and treatments for troubling health conditions.
Take the state and municipal lawsuits being filed against energy companies as an example. When announcing his lawsuit, California AG Rob Bonta claimed that it is time to make oil companies pay for “the harm they have caused”.
Read the full article at Forbes
Nothing contained in this blog is to be construed as necessarily reflecting the views of the Pacific Research Institute or as an attempt to thwart or aid the passage of any legislation.