4 ms·
The way to solve this problem is by (largely) adopting the premise of the Coase Theorem, but we've created an environment where that's impossible. So now a comm
by coffeemug 6y ago
The way to solve this problem is by (largely) adopting the premise of the Coase Theorem, but we've created an environment where that's impossible. So now a community of a few thousand can hold millions of people and hundreds of billions of wealth hostage.