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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: GraceZ who wrote (19923)12/30/2004 1:46:41 PM
From: KyrosL  Read Replies (3) of 116555
 
>>how could it not take the environment into account?

Perhaps because much of the environment does not belong to anybody and much of the damage is insidious and largely invisible? Do you know of any examples where the free market resolved severe environment problems without government intervention?

In theory the free market could eventually resolve environmental problems, but only at enormous human cost. Unlike price, which humans can readily see and compare, environmental costs are largely hidden and become visible only after enormous damage has already occurred -- e.g. lead in gasoline, etc., etc.
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