We are on the same page. I wouldn't phrase it that way, but yes, ideally negative externalities should be internalized by individuals to make the problem vasni

We are on the same page. I wouldn't phrase it that way, but yes, ideally negative externalities should be internalized by individuals to make the problem vasnish. But failing that, if individual parties may engage in negotiations to achieve better outcomes (Ronald Coasce) Less regulation are usually a 1st thing to try in that process, to cause change by voluntary association, naming and shaming. Issues can be mitigated. But regulation is a pandora box. There are whole parts of economics studying that - public policy and industrial organisation.