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Americans have been culturally conditioned to be unable to understand the concept of an economic externality. You might as well tell them that their god isn't
by ZeroGravitas 3y ago
Americans have been culturally conditioned to be unable to understand the concept of an economic externality.
You might as well tell them that their god isn't omnipotent, because you almost literally are.
- musicale 3y agoRecycling currently seems to codify externalities by making governments and citizens legally responsible for the pollution and waste that companies generate and encourage. But return laws can be problematic as well, as in electronics where a company's business incentives are usually for the cheapest (and often least beneficial/most harmful) disposal.