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We know markets are bad at pricing in catastrophic very-low-probability events. That's why the lottery stays in business. How do you price in dicamba use? It

• deleted 9y ago
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• appleflaxen 9y ago
  > That's why the lottery stays in business and yet it's legal, and few argue for lotto prohibition in the words of the initial reply: > Do you think his grandfather would have cared about "competitive advantage" in favor of dropping the > standard of produce quality? No. His grandfather had exactly the mentality we need in farming, which is > quality before quantity. ... > Think about that for a moment. When the only measure is dollars, you sacrifice everything that is > important for humans and the planet in favor of profits. the best solution would be to internalize the costs: dicambia is going to cost the economy 5 billion dollars; therefore dicambia-based sales need to recoup that. And if they can't, then the companies should be fined if there is evidence they either knew, or fell short of their regulatory duty to look. My point isn't that unfettered capitalism is good (it's not: it's terrible). My point is that the opposite extreme and emotional appeal is also not ideal: "when you only measure dollars..!" Well; there is nothing more appropriate to measure in. So let's just make sure everything is on the scale.