4 ms·
It's a difficult balance to strike though. Forcing companies to consider all possible externalities is very difficult / expensive to get right. And if you don't
by fastball 4y ago
It's a difficult balance to strike though. Forcing companies to consider all possible externalities is very difficult / expensive to get right. And if you don't get it exactly right, you very quickly increase your surface area for issues like regulatory capture, etc.
Just another in the long list of coordination problems where it is hard to arrive at the pareto-optimal solution given human selfishness and our lack of omniscience.
- jahnu 4y agoThese companies often know quite well there is a huge cost they are offloading on others. Evidence for this is seen in the huge sums spent on lobbying and politics in general.
- flownoon 4y agoThis essay suggests that the amounts spent on lobbying are not in fact huge sums: https://slatestarcodex.com/2019/09/18/too-much-dark-money-in-almonds/ https://slatestarcodex.com/2019/09/18/too-much-dark-money-in...