Is the environment a public good?
What we have actually had is a state capitalist marketplace, where the state artificially raised the transaction costs of enforcing civil protections against pollution — and thereby reduced the transaction costs of pollution.
As always, it’s not a question of what we’ll do when the state stops solving the problem. It’s a question of how to stop the state from creating the problem.
also see:
Capitalism’s Running Out Of Water — And Everything Else
The Clean Water Act Vs. Clean Water
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