2 ms·
yeah, exactly. Just like in the carbon emissions example, let the people vote with their dollars only makes sense if there is governmental regulation ensuring
by ep103 12y ago
yeah, exactly. Just like in the carbon emissions example, let the people vote with their dollars only makes sense if there is governmental regulation ensuring the people both get accurate information to make decisions, are educated to understand the decision, and that the people's market decisions will be large enough to steer the market. All three of these points are regularly ignored, however, while the first "let the people vote with their dollars", will be loudly trumpeted by whatever industry is being discussed. Over time, you get a "libertarian" population that isn't even aware that their position requires the regulations I just mentioned, but have been taught that regulations are "bad" by industry.
Its a bit like watching a group petition Ford motors to make an electric car, but one without any batteries because batteries are dangerous and expensive, and then get confused and upset with Ford's "corruption" and the "inability of corporations to do anything right" when Ford makes them an "electric" car with a gasoline engine.