Externalities: A BIG hole in free market economics
Curbing dirty energy by raising its price “may be good for nature, but it’s not actually all that attractive to voters to reduce their income.” - NY Times
"In economics, an externality is the cost or benefit that affects a party who did not choose to incur that cost or benefit. Externalities often occurs when a product or service's price equilibrium cannot reflect the true costs and benefits of that product or service. Externalities can be both positive or negative." - Wikipedia
Externalities such as air pollution, mining wastes, habitat destruction and CO2 emissions do not appear on any financial statements so that artificially putting a price on them increases costs and ignites the flame of government overreach, over-regulation and the stifling of economic growth.
So, we must continue:
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