'How fear of lawsuits diminishes life' by John Stossel – Published: 07/16/2013

There are now 175,000 pages worth of [just] federal laws!

The conceit of  politicians [/] lawyers, [America’s ruling class] is that they think they can manage life through rules. So they keep adding more. They don’t see that these rules gradually wreck life. Critics of lawsuit abuse focus on the cost of litigation, but the bigger harm is that fear of lawsuits itself deprives us of good things.

  • Drug companies invented a vaccine against Lyme disease, but they won’t sell it, because they’re scared of lawyers.
  • Fearful medical device makers often stick to old technologies because trying something new, even if it’s better, risks a suit.
  • Monsanto developed a substitute for asbestos, a fire-resistant insulation that might save thousands of lives, but decided not to sell it because the company feared it might be sued.

ABA-Congress

We don’t even know how many wonderful life-enhancing products we might have today if innovators didn’t live in a climate of fear.  ….



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