4 ms·
The cool solution I've seen to this problem is to have some process for identifying the class of people who are affected by [locally burdensome thing] and then
by holmesworcester 3y ago
The cool solution I've seen to this problem is to have some process for identifying the class of people who are affected by [locally burdensome thing] and then allowing the proponents (a business, the government, etc.) to negotiate some settlement with that affected class directly, with a majority vote used to accept the settlement.
For example, everyone near the airport could get some property tax relief or share of an annual payment that would go away if the airport went away.
This way a small minority of vocal opponents cannot effectively oppose something that would be good for everyone, but if something is irredeemably terrible and unfair locally affected people can block it.
- 2arrs2ells 3y agoThis is Coase's Theorem: https://en.wikipedia.org/wiki/Coase_theorem https://en.wikipedia.org/wiki/Coase_theorem
- LadyCailin 3y agoThis is absolutely how it should work. Negative externalities should be paid for by the source of them. It can be difficult of course to find where that price lies, but this is what all those lawsuits were about. It’s a shame they didn’t just bake that cost in from the beginning, instead of failing to take responsibility and then having to be forced to do so.