Sonntag, 7. November 2010 13:23
An interesting NYTimes Magazine article (quite lengthy but entertaining) takes the judicial battles brought about by BP’s gulf oil spill as a prominent example and has a look at the US practice of „trial lawyers“. They can be seen as an alternative to extensive government regulation — while most European countries regulate in advance, US corporations are regulated by the prospect of huge compensations after accidents. In the complex judicial system, this has attracted a specialized brand of lawyers, the trial lawyers, whose business model is to monitor big corporations and look for opportunities to sue them.
Interestingly, the metaphor of parasites came to my mind even before that analogy was mentioned in the article. And while it is used there with the negative implication it has in everyday language, I immediately had an evolutionary perspective on it as well, where parasites are acknowledged for regulating the growth of their hosts and contributing to a dynamic balance.
Hardly surprising, the public opinion on them is mixed:
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