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I agree, it always comes down to how much the buyer cares about anything other than the price paid. Markets/companies care about whatever their customers care,
by yarky 5y ago
I agree, it always comes down to how much the buyer cares about anything other than the price paid.
Markets/companies care about whatever their customers care, and the way customers vote/express themselves is with their dollars.
We can talk all we want about how wrong this is or not, but that doesn't change the underlying reality.
- turnsout 5y agoNot disagreeing, but part of the underlying reality is that companies are not financially responsible for the externalities they contribute to (such as climate change) or post-consumer costs such as disposal. The result is that the "true" cost of the product to society is not reflected in the consumer-facing price. I think regulation should be a last resort, but in this case, some kind of taxation or regulation is necessary, because there is absolutely no incentive to be good stewards of the Earth within our current version of capitalism.
- yarky 5y agoIt can sure help, but then, as a company, you might want to find a way to avoid the regulation to keep the price low if that's what your customers care about. Maybe some form of labelling could have a greater real impact: let the customer know what the real impact/cost of the product is, and let the customer made an informed decision.