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Is the economy still functioning when externalities are socialized until one literally cannot breath the air or drink the water?
by paulryanrogers 4y ago
Is the economy still functioning when externalities are socialized until one literally cannot breath the air or drink the water?
- WalterBright 4y agoThere's no reason why a free market can't be set up to internalize the externalities. The easiest way to do it is to tax things like pollution.
- paulryanrogers 4y agoHmm, taxes sound like a government action, not a market correction.
- WalterBright 4y agoA free market requires a government for several purposes.
- mym1990 4y agoThis is subjective…the market maker will say yes and the person that can’t buy air…well they will be dead.