3 ms·
> Why would the law prohibit me from buying a $1 shirt that lasts 1 week and instead buy a $50 shirt that lasts a year? Because society has to bear the cost of
by aembleton 5y ago
> Why would the law prohibit me from buying a $1 shirt that lasts 1 week and instead buy a $50 shirt that lasts a year?
Because society has to bear the cost of the environmental degredation of manufacturing and disposing of that $1 shirt. The price signal doesn't include the externalities.