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We’ve been doing that for thousands of years. The only tiny issue is convincing people to use it, and informing public that free market has failed as a framewor
by avip 8y ago
We’ve been doing that for thousands of years. The only tiny issue is convincing people to use it, and informing public that free market has failed as a framework for making environmental decisions.
- merpnderp 8y agoWhy would you say the free market has failed? If you're assigning blame shouldn't you be pointing at the democracy which regulates the market? You disagree with how a majority of your fellow citizens vote, so either you were simply outvoted on what is important, or you believe democracy failed.
- _jal 8y agoNot the OP, but this is straightforward: the market fails to price externalities. Costs are distorted and borne by others. You can regulate it, but if you have sufficient control to price in all externalities and then do so, you are not talking about a 'free market' anymore. And what is the role of democracy in regulating global public goods? How are you going to vote on environmental protections on other continents?
- merpnderp 8y agoJust because you add a few more rules to a free market doesn't cease to mean it is a free market. "How are you going to vote on environmental protections on other continents?" Trade negotiations? Or are you asking if invasion and war are an option, which they absolutely are not.