3 ms·

What's the explanation for pollution when the means of production belong to the people? https://www.nytimes.com/1986/05/11/world/east-bloc-aides-cite-environmen

• mrob 8y ago
  The same tragedy-of-the-commons effects can affect any economic system if there's no mechanism to prevent them. If the means of production belong to the people in name only, then those with the real power will exploit them to the detriment to others. One advantage of capitalism is that we don't have to pretend this doesn't happen, which means we can introduce the strong regulations necessary to control externalities.