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Yes and no. The problem with factory farming - and pardon me but the proper economics term escapes me atm - is not all the costs are directly shouldered by the
by chiefalchemist 3y ago
Yes and no. The problem with factory farming - and pardon me but the proper economics term escapes me atm - is not all the costs are directly shouldered by the farm. For example, waste run off... the cost of dealing with that flows downstream, literally.
Similar are fossil fuels. They're inexpensive, until you realize the aggregate burning of them increases pollution, as well as greenhouse gases. But cost of impact and resolution isn't in the cost of the product.
The point is, competing alternatives that don't have such "cost-free side effects" can't compete until the legacy products' price reflect the true and entire cost of manufacturing.
- slfnflctd 3y agoSee also: massive subsidies to those same factory farms which further artificially lower the prices of their products for reasons of dubious merit.
- apothegm 3y agoThe term you’re looking for is “externalities”, fwiw.
- chiefalchemist 3y agoIt was worth a lot. Thank you for taking the time to help me / the discussion.