When I was younger, I honestly believed in the explanation that left to their own devices, free enterprise will work to protect the environment, as anything that hurts the market will hurt profits. What I didn't take into account was that this argument doesn't work for enterprises run by beings with limited lifespans. All except the most empathic humans will not incur any cost to avoid consequences that are beyond th…
On the contrary. Give property rights to everything and individuals and corporations will have every incentive to protect what they own, be it environmental resources or anything else.
What America looked like before the EPA, in photos
81–90 of 174 posts
Re: What America looked like before the EPA, in photos
#82Earlier quoted context omitted.
I consider myself a really pro market guy, but I can't agree with the statement: > free enterprise will work to protect the environment, as anything that hurts the market will hurt profits I mean, isn't the environment the prime example of a situation where externalities and the tragedy of the commons describe the problems for the free market to solve the problems at hand? Further, free enterprises exist to maximise…
Imbued in your statement is an even more difficult knot to undo. "Tragedy of the Commons" is caused by the very existence of the modern state. Common land = public land. In a truly private system, one in which all land was owned, every parcel of land would have some advocate who cared very deeply about the environmental quality of their land. You producing pollution on your land that negatively affected mine would re…
Both of those examples mentioned above are right now being heavily polluted.
The tragedy of the commons is essentially this: The cost of me polluting the air by driving a car is much less then the cost of me not polluting the air and walking 20 miles to work instead. My pollution contribution to the air is minor when compared to walking 20 miles and therefore by choosing to drive i am acting logically. The phenomenon ghe theory addresses is that when everybody does this the aggregate contribution to pollution ends up destroying the commons.
Therein lies the tragedy: groups of people acting logically in picking the lesser evil end up destroying the commons.
Why do people even argue about this theory? It's readily apparent if you drive a car or use any form of non renewable energy.
Re: What America looked like before the EPA, in photos
#83When I was younger, I honestly believed in the explanation that left to their own devices, free enterprise will work to protect the environment, as anything that hurts the market will hurt profits. What I didn't take into account was that this argument doesn't work for enterprises run by beings with limited lifespans. All except the most empathic humans will not incur any cost to avoid consequences that are beyond th…
Re: What America looked like before the EPA, in photos
#84Americans love their freedom. Which is more important: the freedom of corporations to innovate in extracting natural resources, or the freedom of citizens to pursue happiness without being poisoned by drinking water? The last photo on that page shows Mary Workman holding a glass of well water that the Hanna Coal Company rendered undrinkable. Something to remember for those who pine for the days of "great coal jobs" a…
Not to take away from the broader point (I think the EPA and like organisations are very important), but would Workman not have recourse through other means (e.g. under nuisance)?
Re: What America looked like before the EPA, in photos
#85When I was younger, I honestly believed in the explanation that left to their own devices, free enterprise will work to protect the environment, as anything that hurts the market will hurt profits. What I didn't take into account was that this argument doesn't work for enterprises run by beings with limited lifespans. All except the most empathic humans will not incur any cost to avoid consequences that are beyond th…
Efficient markets NEED an efficient government to put down ground rules and enforce them.
Re: What America looked like before the EPA, in photos
#86I realize that HN generally skews left politically, but this is literally nothing more than a puff piece. There's nothing of value here.
Re: What America looked like before the EPA, in photos
#87Earlier quoted context omitted.
Conservatives are not reluctant they care about the environment themselves but they are reluctant with regards to letting the federal government determine who the winners are and I would tempt to agree with them. As an example, shale gas did more for US CO2 reductions than any policy ever did while at the same time providing cheap energy and to conservatives, cheap energy is just as important as clean environment som…
Lax environmental regulation is picking winners.
Re: What America looked like before the EPA, in photos
#88It's unfortunate that the EPA is under attack by conservatives who want limited government. If you start from first principles about what the min viable government should do, a big part of its charter would be to prevent major tragedies of the commons. And the environment is a textbook example of something that'd suffer the tragedy of the commons without government oversight. I prefer a bigger government with a bigge…
If you care less about other people than Nixon, you should really ask yourself: “?How far have I strayed from the pack?”
Re: What America looked like before the EPA, in photos
#89After EPA : https://upload.wikimedia.org/wikipedia/commons/thumb/d/d5/An...
https://en.wikipedia.org/wiki/2015_Gold_King_Mine_waste_wate... The EPA didn't create this mess. They did screw up handling it, however. What happened was that the EPA accidentally released the waste products from an abandoned mine that had been accumulating in a reservoir for decades all at once . What do you think would have happened without any regulation at all? That shit would already be everywhere.