Reply #3: Thus the need for tort reform [View All]

One of the few remaining pieces that capitalism requires to completely run amok is tort reform. For if we the public are limited to puny monetary damages that are equal to projected earnings the full on rapaciousness of capitalism will be unleashed. With tort reform corporate risk managers will carefully calculate future losses due to lawsuits for faulty or unsafe products and from that determine just how shoddy they can get away with. Another term that applies is, cost/benefit analysis.

However, there's a tradeoff that We The People might want to consider. How about three strikes and you're out? Three convictions for substandard or unsafe products and senior management goes to prison for life and no possibility of parole and the corporation receives the death sentence.