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> Current stage of capitalism is strictly incompatible with sustainable development. Are you unaware of the concept of 'externality pricing', or do you think i
by darawk 8y ago
> Current stage of capitalism is strictly incompatible with sustainable development.
Are you unaware of the concept of 'externality pricing', or do you think it is flawed in some way?
- maxxxxx 8y agoThe current stage of capitalism doesn't price externalities properly and I don't see any real movement into that direction.
- darawk 8y agoI totally agree that it does not price all of them accurately, though I think it does price some of them decently well (e.g. smoking). I do see quite a few people proposing solutions like that with respect to the primary economic externality of the moment (carbon release), like Cap and trade, carbon credits, etc.. They haven't achieved the kind of widespread adoption that i'd like them to, but they seem like solid solutions to me and ones that have quite a bit of international support, even if not quite enough to get them through.