3 ms·

Regulation is not about knowing better than the market. It is about correcting harmful externalities that markets would not solve on their own.

• quotemstr 8mo ago
  If disposing of my own shirt in a landfill I pay for is an "externality[y]" justifying state intervention, then every domain of life is subject to top down control. I don't want to live in a society in which resources are allocation in general by edict instead of the market.
  • OrangeMusic 8mo ago
    Look it's not that hard. Is <problem> (in this case, pollution) a problem that needs solving? If the answer is yes, then it needs to be regulated even if you personally don't like laws. Sorry!
    • quotemstr 8mo ago
      Why is <problem> a problem? Because you say so? If it's such a problem, why is it so cheap to do? What cost is unaccounted?
      • mulmen 8mo ago
        By definition externality is not priced in by the market.
        • quotemstr 8mo ago
          Why should I believe an externality exists in this situation? What is the evidence?
          • mulmen 8mo ago
            > If it's such a problem, why is it so cheap to do? Why would you assume it doesn’t based on price when externality by definition is not accounted for in price?
  • mns 8mo ago
    But why are you lying? It's not about you, no one is stopping you to go and throw everything you own in a landfill, this is about the companies that act environmental in their marketing, but then go ahead and destroy new and unused products.