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by throwaway894345 1830 days ago
government, for example, by taxing the externality
1 comments

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.