Posted: Apr 13, 2020 2:44 am
gobshite wrote:Why do you think pricing in costs isn't in the remit of capitalism?
Because it's the job of corporations to maximise profit, within the laws of the societies they operate in. In most jurisdictions, directors of companies are legally bound to act in the best financial interests of shareholders.
You're equivocating here by swapping in the word "costs" for "externalities", and it's important. Internal costs such as materials and labour are concerns of companies almost by definition. Externalities are, on the other hand, not (hence "external"), unless the regulatory environment makes them so. Creating the regulatory environment is a job of government.