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It doesn't account for externalities. It also doesn't distribute "value" equitably. It's more profitable to dump waste in a lake than to clean it up. It's mo
by Arainach 4y ago
It doesn't account for externalities. It also doesn't distribute "value" equitably.
It's more profitable to dump waste in a lake than to clean it up. It's more profitable to hire children for 10 cents a day than adults for a living wage. It's more profitable to keep using ingredients even after they've started turning bad. None of these deliver value to society.