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Isn’t pricing externalities correctly exactly the neoliberal capitalist solution to these sorts of problems? I suppose ignoring that’s what you meant by “unrest
by NineStarPoint 5y ago
Isn’t pricing externalities correctly exactly the neoliberal capitalist solution to these sorts of problems? I suppose ignoring that’s what you meant by “unrestrained”, but at that point you’re really just describing laissez-faire capitalism obliquely. Neoliberalism is all about using the market to solve problems instead of direct government intervention, so pricing externalities then letting the market take care of it is classic neoliberalism.
Edit: And that lobbying and competing interests get in the way of actually pricing externalities correctly is the most obvious flaw of modern neoliberaism, but the theory isn’t the issue there.
- imtringued 5y ago> Neoliberalism is all about using the market to solve problems instead of direct government intervention, so pricing externalities then letting the market take care of it is classic neoliberalism. By neoliberal standards even a CO2 tax/tariff would be considered government intervention that must be avoided at all costs. Neoliberalism is about diminishing the role of the state in the economy. Capitalism itself has enough leeway to introduce a CO2 tax, neoliberalism doesn't because it is a self contradictory mess of wishful thinking. For neoliberalism letting lobbying and competing interest get in the way is part of the idea.
- pfdietz 5y agoI think you've confused neoliberalism with libertarianism.