09 March 2025

Those Damn Externalities

At one time, for a long time, all econ types recognized and studied the force of externalities on an economy. By and large, except those in the pocket of monied interests, argued for charging those who generate externalities (nearly all negative, of course). Among the more famous is the stench of pig farms in the Carolinas. So far as I can find, the pig machines continue unabated.

Well... here's another one, possibly worser
A South Carolina woman faces charges after igniting yard debris that burned out of control and allegedly sparked a wildfire that has scorched more than 2,000 acres near Myrtle Beach, the state's forestry officials said.
This is beyond stupid. My guess: a MAGAnaut asserting her liberties.

And, not surprisingly, at least one of the LA fires was caused by utility pole failure.

Routinely, Big Bidnezz pleads to be let go of responsibility, since taking care of these externalities will raise their costs, and most likely, the price to consumers. Well... there's not a thing wrong with that. Even if you're a Evangelical Reactionary Radical Retrograde Right Wingnut economist: your obligation is just that, not your neighbors. For those of us who love bacon, we should be paying to ameliorate the stink. Mammy Yokum has spoken.

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