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This is economics 101. If there were an alternative that were more profitable and green, don't you think somebody would already be doing it out of greed if not
by CWuestefeld 17y ago
This is economics 101. If there were an alternative that were more profitable and green, don't you think somebody would already be doing it out of greed if not altruism?
No, the fact that those greedy capitalists must be forced to do it pretty much shows that it's losing money, relative whatever else they might do with that money.
And what might those alternatives be? Why, investing in new businesses to create jobs, improving infrastructure, etc.
Really, the idea that the government is so much wiser about business and economics than the corporations, so the laws will drag us kicking and screaming into prosperity, are just absurd. The government is incompetent at managing the entire system. And Friedrich Hayek's Nobel-Prize winning work proved that this is necessarily so -- it's absolutely impossible for any centralized authority to integrate all of the distributed data about needs, priorities, resource availability, etc. Only the distributed cloud of the market can do that.
- InclinedPlane 17y agoQuite so. Nobody needs to convince, or legislate for, steel mills to recycle scrap iron. They do it because it's practical and it makes economic sense.