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we all know that rarely if ever happens. market don't care.

• throwaway894345 5y ago
  That's what "pricing in the negative externality" means: making the market care.
  • derg 5y ago
    and who exactly is doing the pricing here then?
    • throwaway894345 5y ago
      government, for example, by taxing the externality
      • derg 5y ago
        so it's not the market naturally pricing it in then is it?
        • throwaway894345 5y ago
          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.
          • derg 5y ago
            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.
            • throwaway894345 5y ago
              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.