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>>Free markets when supported by strong property rights can have strong protections to prevent harm or pollution. >Can someone explain how this is supposed to
by nickles 11y ago
>>Free markets when supported by strong property rights can have strong protections to prevent harm or pollution.
>Can someone explain how this is supposed to work? I don't mean to sound rude/biased but this sounds like one of those cases where the theory is sound but when it meets with reality we get unpredictable(and sometimes disastrous) results.
The example is meant to illustrate the mechanism being asked about by the parent (quoted). Nothing was said about filtering air and water in the example.
- jschwartzi 11y agoBut it's implicit that if the train throws sparks(DuPont plant pollutes the air and water on the entire planet) that the most equitable thing for me to do as the farmer would be to build spark guards(filter my air and water no matter where I live). That way I can prevent my fields from catching fire(increased risk factors from Teflon surfactants).