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Do you guys also think arbitration should be outlawed?
(lemmy.world)
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That's the crux of it. How are arbiters ever going to be truly independent when repeat businesses necessarily only ever comes from one half of their arbitration? CorpoCorpInc selects your arbitration company for 200 arbitrations a year. How many of those cases does CorpoCorpInc lose before they decide to go with a different arbitrator?
So maybe if you want to make a law, find a way to break that implicit feedback loop.
Let's say you're some slob disputing a $65 charge or some shit and they are a multi-billion dollar corporation that does thousands of these a year. Even if you object to their pick, whomever you mutually decide to go with has a chance at repeat businesses with CorpoCorpInc, but very unlikely to have repeat business with you.
Edit: I honestly don´t know anything about the details of arbitration, so if you'd like to tell me what safeguards are in place, I'm all ears.