4 ms·

I think it is more timescales. The effects aren't externalized from the market, they are externalized to some point in the future. Eventually the market will co

I think it is more timescales. The effects aren't externalized from the market, they are externalized to some point in the future. Eventually the market will collide with the massive pile of externalities laying in its future path. Lead gas would eventually reach the point of doing so much damage that people wouldn't want to use it anymore, even if it was cheaper. Even if it didn't get to this point, eventually it would be killing/debilitating so many people that it phases itself out.

jandrese 5y ago
Yes, if an aspect of the product doesn't directly affect its price on the market today then it is invisible. This is why pure market solutions don't work. But at the same time markets are by far the most efficient way to distribute limited resources so you want to use them as much as you can. You just have to remember that they are no good for solving problems you can't put a price on and you may have to artificially weight the market to account for side effects.
- Workaccount2 5y ago
  >Yes, if an aspect of the product doesn't directly affect its price on the market today then it is invisible. I'm saying that there is no invisible effect, just so small it can't (initially) be detected. But it is inherently additive, and one day (days, years, centuries, millennia) the market will correct for it.
  - jandrese 5y ago
    The ultimate market correction is when everybody is dead.
KerrAvon 5y ago
> Lead gas would eventually reach the point of doing so much damage that people wouldn't want to use it anymore, even if it was cheaper. Even if it didn't get to this point, eventually it would be killing/debilitating so many people that it phases itself out. For that to be the case: (a) you'd have to be able to make the causal link between societal damage and lead from vehicle fuel, which isn't something most people are capable of doing as individuals (b) you'd have to have a choice in the matter as an individual consumer, which you didn't have for cars, because automakers produced engines that (they said) required lead gasoline, and the situation is similar for AV fuel
- deleted 5y ago
  [deleted]

jandrese 5y ago

Yes, if an aspect of the product doesn't directly affect its price on the market today then it is invisible. This is why pure market solutions don't work. But at the same time markets are by far the most efficient way to distribute limited resources so you want to use them as much as you can. You just have to remember that they are no good for solving problems you can't put a price on and you may have to artificially weight the market to account for side effects.

Workaccount2 5y ago
>Yes, if an aspect of the product doesn't directly affect its price on the market today then it is invisible. I'm saying that there is no invisible effect, just so small it can't (initially) be detected. But it is inherently additive, and one day (days, years, centuries, millennia) the market will correct for it.
- jandrese 5y ago
  The ultimate market correction is when everybody is dead.

KerrAvon 5y ago

> Lead gas would eventually reach the point of doing so much damage that people wouldn't want to use it anymore, even if it was cheaper. Even if it didn't get to this point, eventually it would be killing/debilitating so many people that it phases itself out. For that to be the case: (a) you'd have to be able to make the causal link between societal damage and lead from vehicle fuel, which isn't something most people are capable of doing as individuals (b) you'd have to have a choice in the matter as an individual consumer, which you didn't have for cars, because automakers produced engines that (they said) required lead gasoline, and the situation is similar for AV fuel

deleted 5y ago
[deleted]