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I've always found it odd that the free market hawks are so against factoring the externalities of their decisions into pricing.
by ohithereyou 7y ago
I've always found it odd that the free market hawks are so against factoring the externalities of their decisions into pricing.
- sgregnt 7y agoI think this isn't true what you say, Do you have links? I always assumed some of the free market hawks are to incorporate the externalities in the cost, e.g. selling the right to pollute.
- ohithereyou 7y agoBiggest example to me is the push to loosen regulation on the fossil fuel industry without enacting a tax that pays for mitigating the damage that burning their fuel does to the climate.
- AnthonyMouse 7y agoYou're confusing theory with politics. In theory the free market works when transactions are consensual, which means you can't pollute someone else's property without their permission, and they're not inclined to give it to you without due compensation. In practice there are a lot of politicians in places where fossil fuels are a major industry, and they're pragmatists with no real principles other than wanting to get elected.