Thursday, December 22, 2011

Economics of a slow judicial system

Let me go first to to non obvious and we will deal with the obvious later.

If it takes 10 or 20 years for the court to give judgement, who benefits from it? I guess it is the lawyers. The question is, is the judiciary slow or is it the lawyers who use the loopholes of the system to make cases last forever. If judiciary was fast and people didn't fight much in the courts, the only people who stand to loose is the lawyers.  Net income of lawyers is dependent on number of concurrent cases they are handling. To maximize their income, they should make sure that none of the cases they fight reach any judgement, because that is like losing a customer and why would a lawyer want it. Just a thought. No facts.

The obvious part is, even if you committed a crime and have enough money, lawyers will keep the judgement out of the way to let you live free.

This is another instance where demand supply completely breaks. The business depends upon the idea of selling justice, but not delivering it..because the moment it is delivered, no more money can be extracted from the customer.