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Things that are reflected in the price is by definition not externalities. Which is why we are even talking about negative externalities. To that that all posit
by ThomPete 4y ago
Things that are reflected in the price is by definition not externalities. Which is why we are even talking about negative externalities. To that that all positive externalities are already factored in while the negatives ones aren't is either misinformed or disingenuous.
Externalities are emergent.
- tfourb 4y agoSo what is the positive externality of emitting CO2?
- ThomPete 4y agoAll the time that gets freed up for more people to create new things instead of being forced to do manual labor. The benefit of computers, AI, medicin, the ability to save life by being able to drive patients to hospitals and keep babies alive in incubators and I could go on. The ability to produce fertilizers which is why we can keep 3-4billion people alive and who wouldn't be around if it wasn't for that. The ability to produce steel, concrete and plastic and the resillience that provides us. The world is greener, we can produce food more places. Moden life is 100% depending on the burning of fossile fuel and while it creates it's own problems, these are better problems to have than those it solved.