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This is the only way to make companies and governments to pay for externalities. It is the only way to make capitalism work. If people can get profit by making
by kartan 8y ago
This is the only way to make companies and governments to pay for externalities. It is the only way to make capitalism work.
If people can get profit by making other pay the cost, then there is a perverse incentive for destruction.
- ams6110 8y agoI agree in theory. In practice I would see this working like any other class action. Most of the money will go into the pockets of lawyers, with very little left to remedy the actual damages.
- Loughla 8y agoSo the question becomes does it matter where the money goes as long as the corporation/individual doing harm is punished sufficiently to dissuade them from future abuse of natural resources?
- Nasrudith 8y agoIt is a way at least if not the only way but I agree that it is a decent counterforce.