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[–] fricknmaniac ago 

And honestly, that's a good thing because of America's general lack of regulation oversight of companies compared to most of Europe.

You need a balance between being open to lawsuits and being regulated. If companies are protected from lawsuits and not regulated, then they'll do whatever the hell they want in the name of profit, without any consideration for the public good (though admittedly that's close to what America is today simply because corporations protect themselves from lawsuits by making it expensive to sue them). If companies are too regulated and not protected enough from being sued, then they have little reason to innovate and take chances because there's too much risk involved.