EnviroLink Forum

Community • Ecology • Connection
It is currently Sun Nov 23, 2014 8:08 pm

All times are UTC - 5 hours [ DST ]




Post new topic Reply to topic  [ 1 post ] 
Author Message
PostPosted: Sat Jun 30, 2012 9:07 pm 
Offline
Member with 50 posts!
Member with 50 posts!

Joined: Thu Jun 07, 2012 10:30 pm
Posts: 156
Free market debates seldom get into the issue of corporate externalization of costs. If you really want to get behind a free market economy then you have to get real.
http://www.earth-policy.org/book_bytes/2012/wotech1_2

Quote:
Our market-based global economy as currently managed is in trouble. The market does many things well. It allocates resources with an efficiency that no central planner could even imagine, much less achieve.

However the market, which sets prices, is not telling us the truth. It is omitting indirect costs that in some cases now dwarf direct costs. Consider gasoline. Pumping oil, refining it into gasoline, and delivering the gas to U.S. service stations may cost, say, $3 per gallon. The indirect costs, including climate change, treatment of respiratory illnesses, oil spills, and the U.S. military presence in the Middle East to ensure access to the oil, total $12 per gallon. Similar calculations can be done for coal.

We delude ourselves with our accounting system. Leaving such huge costs off the books is a formula for bankruptcy. Environmental trends are the lead indicators telling us what lies ahead for the economy and ultimately for society itself. Falling water tables today signal rising food prices tomorrow. Shrinking polar ice sheets are a prelude to falling coastal real estate values.


Top
 Profile  
 
Display posts from previous:  Sort by  
Post new topic Reply to topic  [ 1 post ] 

All times are UTC - 5 hours [ DST ]


Who is online

Users browsing this forum: No registered users and 8 guests


You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum

Jump to:  
cron
Powered by phpBB® Forum Software © phpBB Group