7 ms·
I don't think this has anything to do with morality. Problems arise when negative externalities [1] are not accounted for. Sure, companies (and their banks) ca
by pg314 10y ago
I don't think this has anything to do with morality.
Problems arise when negative externalities [1] are not accounted for. Sure, companies (and their banks) can make a fortune by burning rainforests for palm oil, but that leaves the costs (loss of habitat, CO2 release) to be borne by the rest of the world. Ideally, regulation puts those costs back to the companies causing them. If that doesn't happen, I have no problem with exposing and targeting the banks financing them.
[1] https://en.wikipedia.org/wiki/Externality https://en.wikipedia.org/wiki/Externality
- oli5679 10y agoYes, but it's an interesting question as to how externalities should be evaluated and corrected for. Should it be legislated by the Indonesian government, or enforced by public pressure on the companies/their lenders and suppliers? I can imagine both good and bad outcomes occurring from a social welfare perspective in the latter case?