4 ms·
Yeah, all the socialized losses from business have fallen on governments and citizens to pay for it, and figure out how to do it. Superfund sites always spring
by datavirtue 2y ago
Yeah, all the socialized losses from business have fallen on governments and citizens to pay for it, and figure out how to do it. Superfund sites always spring to mind but we seem to have socialized costs oozing out of every business. Capitalists should abhore this type of gross inefficiency. In theory the business could solve the issues internally: cheaper, faster, better than the government could ever hope, lowering the overall tax burden and ultimately preventing problems at the source.
Regulation is very expensive because you have to enforce it. You can tax anything, though. Maybe that is a better route to promoting good behavior "voluntarily."