Posted: Apr 13, 2020 1:40 am
by OlivierK
gobshite wrote:
OlivierK wrote:
It's a wealth creator. That's its role in a mixed economy, and it does it well.

That's debatable, given a general inability to price in externalities and longer term costs like global warming.

Failures to price in externalities are failures of government. Companies are structured to maximise profit given their regulatory environment. It's not that they're unable to price in the costs of environmental impact mitigation, they simply don't do it if they're not required to. Requiring them to is government's job, albeit one made harder by the level of acceptance of corruption in the form of corporate political donations.