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The market is famously terrible at pricing in externalities and accounting for long-term needs. I think if you used the government to force bidders to account f
by coldpie 1y ago
The market is famously terrible at pricing in externalities and accounting for long-term needs. I think if you used the government to force bidders to account for those, you'd just end up in the same place.
- amanaplanacanal 1y agoYou might, or you might not. You might end up with tidal or wave, or wind+batteries, or something else. Tying yourself to something that's going to take decades and almost certainly include big cost overruns seems like a terrible idea.