3 ms·
Sure. There's regulatory capture. But this particular problem, the externalization of costs, is a classic one solved by regulation rather than the free market.
by DFHippie 7y ago
Sure. There's regulatory capture. But this particular problem, the externalization of costs, is a classic one solved by regulation rather than the free market.
- AnthonyMouse 7y agoThe problem where the pesticides are destroying native insect populations, sure. But not the problem where the tomatoes taste like nothing and have pesticide in them -- that's not an externality, it's an information asymmetry. And then it has the same problem in the legislature as the supermarket.