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by derg 1829 days ago
and who exactly is doing the pricing here then?
1 comments

government, for example, by taxing the externality
so it's not the market naturally pricing it in then is it?
No, and it couldn't be, which the point that you seem to be circling. Markets aren't self-governing--they don't set the rules that they abide by (including which externalities are priced in and which aren't)--that's a function of government.
No, you're not reading:

> Then the negative externalities should be properly priced in.

is what I was replying to, saying the market isn't going to naturally do this because capital doesn't actually care about negative externalities until forced to.

That's literally all I said.

Right, I'm pointing out that it's a nonsense comment. "The negative externalities should be properly priced in" implies government intervention, and indeed the market cannot do it. At best you're violently agreeing with everyone in the thread.