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> If you want to curb consumption you have to price in the externalities. This is true for everything - fast fashion and cheap flights too. I agree with the id
by collingreen 2y ago
> If you want to curb consumption you have to price in the externalities. This is true for everything - fast fashion and cheap flights too.
I agree with the idea that a capitalist society should work harder than we do to price in externalities in order to fulfill the social value of a free market.
As a counter example to it being the only way though is how the modern world has drastically reduced and now culturally shuns (although we still have things to fix) human slavery without doing it via economic sanctions or price regulation.
I don't actually have any hope here though - politically in the US I see more of a slide away from free markets and toward techno-feudalism and culturally in the US I see a backslide in empathy and personal values people are willing to make sacrifices for.
You can't regulate people into having particular values (for good or for ill).
- djtango 2y agoIts directly refuting anything you said but were you aware that the UK sweetened the deal for abolishing slavery? https://www.bankofengland.co.uk/working-paper/2022/the-collection-of-slavery-compensation-1835-43#:~:text=As%20part%20of%20the%20compromise,behalf%20of%20the%20British%20government https://www.bankofengland.co.uk/working-paper/2022/the-colle....
- djtango 2y agoNot*
- collingreen 2y agoOof. Thanks for the link! I'm not sure if this gives me hope or erodes it lol.