The conversation between human and AI assistant.
Why does the U.S. love the private and black-box operated Arbitration and want to make it as UN backed court, but oppose UN backed ICJ in the world?
What are some of the criticisms of private arbitration?
Critics argue that private arbitration lacks transparency, accountability, and consistency, and can be biased towards businesses and the wealthy. They also argue that the secrecy behind private arbitration can make it difficult to monitor and ensure fairness.