Loc: One of the Mexicos
Originally Posted By: chunkstyle
Question I have for you though Logs is: What part of environmental degradation isn't monetized?
My point is that degradation is all too often ignored as a cost of doing business, if the free marketeer can get away with it. It's called "externalization", precisely because the cost is not part of the economic calculation.
The "fixing" (or the repercussions of not fixing) the damage falls to all of society, sometimes all of the earth, which is a massive failure of the "free market" ideology. Which means that the myth of free markets ignores the fact that they are supported by socialism. In my opinion...
You canít solve a problem without first understanding what the problem is.