Based on this conversation: https://twitter.com/cosimia_/status/1095790137441583104thoughts … with @cosimia_ and @nathan_k — let's try to imagine a sustainable eco-economic model. Let's begin with the free market, dive deep into pricing for externalities, and consider gov intervention taxes/subsidies as a last resort.
Resources away from the natural equilibrium. But - couldn't we say that the natural equilibrium is actually wrong? It assumes it accounts for the total cost of the good & assumes perfect information between consumers & corps. This aint the case
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Finally: how does one put a price on the destruction of the environment? Who gets to say how valuable a prefer of fertile land is?
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Valuation of land is contextual and predictive. What does the surrounding society need, what can that land provide, what do you plan to do with it? Environmental destruction is a cost almost exclusively borne by others/future people. It is not factored into the market now.
End of conversation
New conversation -
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