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Why wouldn't we socialize the losses here? It's not a handful of elites that just swooped in and took a bunch of money then stuck us with the bill for their gar
by nsxwolf 6y ago
Why wouldn't we socialize the losses here? It's not a handful of elites that just swooped in and took a bunch of money then stuck us with the bill for their garbage. We're all the consumers here. We create the problem with our demand for their product.
- chillwaves 6y agoThen why are the profits privatized?
- lotsofpulp 6y agoBecause sufficient voters like to think they will be part of the group who are or one day will benefit from the privatized profits, and therefore imagine themselves enjoying the spoils it would afford.
- kevin_thibedeau 6y agoThese companies are designed to go bankrupt to minimize shut down costs.
- piva00 6y agoThen do like Norway and get a US's own Statoil to also socialise the profits. We can't shame the population to solve a tragedy of the commons problem, it won't ever work, you need a strong power managing the commons to avoid the tragedy.
- dwaltrip 6y agoIf you socialize the losses, you incentivize others to cause more additional losses than they would otherwise, as they know they won't have to deal with it. A better society would have incentives and structures that guide people to reduce these harmful effects and externalities.