<p>America's tort system has become one of the most costly and inefficient methods of dispute resolution in the world, raising the costs of goods and services while reducing the availability of important products in the marketplace. All told, the legal system's direct costs are more than $180 billion annually, roughly 2% of GDP. Furthermore, less than half of the money spent on tort litigation goes toward compensation. The bulk of the costs are administrative and legal fees. Today the Supreme Court will hear oral arguments in Campbell v. State Farm, a case that has the promise of restoring a sense of rationality to the legal system.</p>
