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by luciusdomitius
1509 days ago
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Yes, externalities must indeed be settled. However, leaded petrol (same chap also invented freon (!) btw - talk about being unlucky :D) cannot really be handled by a market as it is in its nature a bodily harm and there is the criminal code for that. Freon would be a much more interesting example as it hurts societies in the long-term and not individuals in the short. |
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Better way is to tax consumption, but that has never been popular in US.