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It's not possible, because pollution is an externality[0], something that's well known to destabilize free markets. Without regulation, purely profit driven act
by village-idiot 8y ago
It's not possible, because pollution is an externality[0], something that's well known to destabilize free markets. Without regulation, purely profit driven actors have no incentive to reduce pollution one bit, since doing so gives them an economic disadvantage against their polluting peers.
0: https://en.wikipedia.org/wiki/Externality https://en.wikipedia.org/wiki/Externality
- pokemongoaway 8y agoCompanies that take negative externalities and make them real for the customer at a profit are good solutions available to entrepreneurs. Charity is a good case for this. Government reactions to negative externalities have so far been pretty dismal.