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The unaccounted externality is the wasted energy to create a thing and destroy it without ever using it. This may be profit maximizing because it maintains the
by mulmen 8mo ago
The unaccounted externality is the wasted energy to create a thing and destroy it without ever using it.
This may be profit maximizing because it maintains the exclusivity of the brand.
https://en.wikipedia.org/wiki/Veblen_good https://en.wikipedia.org/wiki/Veblen_good
- quotemstr 8mo agoAnd you presume to know better than they do what to do with that energy? Do you think you have a general right to override people's resource allocation decisions when you believe they're being wasteful?
- mulmen 8mo ago> Do you think you have a general right to override people's resource allocation decisions when you believe they're being wasteful? Me personally? No, of course not. But I do think our government has the responsibility to govern.
- sehansen 8mo ago1. In this case, not using the energy at all would have been better. 2. The legislature of a sovereign polity would have, and be able to delegate, that right. If and when the legislature should make use of that right is a political question.