4 ms·

Externalities and market freedom are completely different concepts. A free market does not allow you to dump your garbage on public property, and no economist

Externalities and market freedom are completely different concepts. A free market does not allow you to dump your garbage on public property, and no economist has ever argued that.

felipemnoa 4y ago
And yet that is kind of what has happened for centuries. The most obvious example is the pollution of the rivers.
- refurb 4y ago
  Incredibly non-capitalist systems also have people dumping garbage in public places and it’s against the law too.
- deleted 4y ago
  [deleted]
ip26 4y ago
Spend a few minutes on mises.org and you can probably find one.
- corrral 4y ago
  Offtopic, but is mises.org considered a "smart" site, by libertarians? Like, I can tell that they think they're smart, or at least present themselves as if they think that, but is that considered true by lots of libertarians?
  - olalonde 4y ago
    AFAIK, Mises.org is generally well regarded among libertarians. Libertarians generally argue that externalities should either be illegal or taxed, when there are no other practical solutions. Here's a video of Milton Friedman on the topic: https://www.youtube.com/watch?v=0YGfwSvLkC0 https://www.youtube.com/watch?v=0YGfwSvLkC0
bryanrasmussen 4y ago
maybe, but at least one ecologist https://en.wikipedia.org/wiki/Garrett_Hardin https://en.wikipedia.org/wiki/Garrett_Hardin pretty much argued that was the end result of public property. on edit: huh, I didn't know about British economist William Forster Lloyd, mentioned in the article, so I guess at least one economist has argued that it will happen (not though, that it is 'allowed' by)
Angostura 4y ago
How much does the free market charge companies that discharge CO2 into the atmosphere?
- olalonde 4y ago
  It differs from country to country. This is one system: https://en.wikipedia.org/wiki/Carbon_emission_trading https://en.wikipedia.org/wiki/Carbon_emission_trading
Broken_Hippo 4y ago
Oh, but it does as long as you can pay the fine. If a fine isn't significant enough or it is cheaper than getting rid of the waste, it simply becomes a cost of doing business. It doesn't matter that "no economist" has ever argued that.
propertymagnate 4y ago
In a completely free market there would be no public property, by definition.
- gruez 4y ago
  Are you confusing "free market" with "capitalism"? The former just means the government isn't meddling in the market by doing stuff by setting prices or quotas. It's "capitalism" that deals with ownership, but even that doesn't exclude public ownership because it only talks about private ownership of production.

Externalities and market freedom are completely different concepts. A free market does not allow you to dump your garbage on public property, and no economist has ever argued that.

felipemnoa 4y ago

And yet that is kind of what has happened for centuries. The most obvious example is the pollution of the rivers.

refurb 4y ago
Incredibly non-capitalist systems also have people dumping garbage in public places and it’s against the law too.
deleted 4y ago
[deleted]

ip26 4y ago

Spend a few minutes on mises.org and you can probably find one.

corrral 4y ago
Offtopic, but is mises.org considered a "smart" site, by libertarians? Like, I can tell that they think they're smart, or at least present themselves as if they think that, but is that considered true by lots of libertarians?
- olalonde 4y ago
  AFAIK, Mises.org is generally well regarded among libertarians. Libertarians generally argue that externalities should either be illegal or taxed, when there are no other practical solutions. Here's a video of Milton Friedman on the topic: https://www.youtube.com/watch?v=0YGfwSvLkC0 https://www.youtube.com/watch?v=0YGfwSvLkC0

bryanrasmussen 4y ago

maybe, but at least one ecologist https://en.wikipedia.org/wiki/Garrett_Hardin https://en.wikipedia.org/wiki/Garrett_Hardin pretty much argued that was the end result of public property. on edit: huh, I didn't know about British economist William Forster Lloyd, mentioned in the article, so I guess at least one economist has argued that it will happen (not though, that it is 'allowed' by)

Angostura 4y ago

How much does the free market charge companies that discharge CO2 into the atmosphere?

olalonde 4y ago
It differs from country to country. This is one system: https://en.wikipedia.org/wiki/Carbon_emission_trading https://en.wikipedia.org/wiki/Carbon_emission_trading

Broken_Hippo 4y ago

Oh, but it does as long as you can pay the fine. If a fine isn't significant enough or it is cheaper than getting rid of the waste, it simply becomes a cost of doing business. It doesn't matter that "no economist" has ever argued that.

propertymagnate 4y ago

In a completely free market there would be no public property, by definition.

gruez 4y ago
Are you confusing "free market" with "capitalism"? The former just means the government isn't meddling in the market by doing stuff by setting prices or quotas. It's "capitalism" that deals with ownership, but even that doesn't exclude public ownership because it only talks about private ownership of production.