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Many free market people complain about restrictive laws, but I 100% believe if there wasn't a law prohibiting, say, putting lead in food or dumping mercury into
by tasty_freeze 6y ago
Many free market people complain about restrictive laws, but I 100% believe if there wasn't a law prohibiting, say, putting lead in food or dumping mercury into the water table, there would be CEOs who wouldn't hesitate to do those things if it made them a little bit of money, despite knowing how awful the consequences are.
Likewise, there is nothing which will stop CEOs from ruining the environment unless the externalities of their industries cost them money. It doesn't matter how many scientific pronouncements are made or if the CEOs of gas and oil companies know in their heart of hearts what they are doing has terrible long term consequences, they will continue on the current course.
Yes, individuals can help by choosing to driving less and changing their thermostat, but many/most won't do enough. The most free market solution is to make the polluting companies pay for their externalities. Yes, dividends will go down. Yes, the costs of some goods will go up, but only up to their true costs since we won't be giving the companies a free pass to use the atmosphere as a trash can. Once things have their full costs baked in, everyone will adjust their consumption, not just the environmentally conscious. I doubt even that is enough, but it is more than we are currently doing.
- dencodev 6y agoIt's very telling that we had to create child labor laws. Someone had to be told that it was immoral and strictly forbidden from doing it.