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Ugh. That was depressing. This is why I dislike the naivete of pursuing "market-based" solutions to manage problems which were created by markets in the first
by im_down_w_otp 8y ago
Ugh. That was depressing.
This is why I dislike the naivete of pursuing "market-based" solutions to manage problems which were created by markets in the first place. The problem I'm referencing here is that the actual cost of something through its total lifecycle is not captured by just the cost of producing it, selling it, and consuming it. The cost model is constructed as a chain of discrete myopic segments, which just moves the problem around like a shell game.
Of course it would be nearly impossible to measure and know the full-lifecycle cost of something, which presents a pricing problem to any market-based solution. It's going to be subject to the same myopic pitfalls.