[FoRK] Closing funny bits, was Re: Malthusian machinations
aaron at bavariati.org
Thu Jun 17 11:12:09 PDT 2010
On Wed, Jun 16, 2010 at 08:37:49PM -0700, Ken Ganshirt @ Yahoo wrote:
> --- On Wed, 6/16/10, Aaron Burt <aaron at bavariati.org> wrote:
> > On Wed, Jun 16, 2010 at 04:59:54PM -0700, Ken Ganshirt @ Yahoo wrote:
> > > Re the markets pricing things in .. this has been one major source of my
> > > ongoing mistrust of anything related to "free market" fairydust. When it
> > > comes to e.g. environment or resources almost none of the things that
> > > matter are priced in.
> > Externalities. ...
> I say this with respect, Aaron, because I agree with the rest of what you
> said. "Externalities" in this context is pure unadulterated bullshit.
> It's the crap that those who loudly espouse "free markets" or "fair
> markets", and who honestly want neither, excrete when they are trying to
> avoid any form of restriction on their activities.
Sorry*. I expressed myself poorly. I was using the term not to diminish
the significance of what you were noting, but to put a name on it.
I expect externalities (and how we account for them) will define the
politics of the 21st century. Unfortunately, just as with risk, it is most
profitible to ignore externalities for as long as possible and then socialize
them when they become a public problem. Playing chicken, if you will.
And the US is just *full* of socialists these days,
* Canadian word, rhymes with "Tory". It has a subtly different meaning to
the American word. And why hasn't someone done something about Harper yet?
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