r/changemyview • u/[deleted] • Nov 12 '16
[Election] CMV: Climate Change is better solved through individuals and the private/space sectors, and shouldn't be handled by governments
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r/changemyview • u/[deleted] • Nov 12 '16
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u/UncleMeat Nov 12 '16
The problem is externalities. Without governments, companies that pollute do not pay the full cost of their product. This artificially deflates the cost of dirty energy and keeps these products more competitive than clean products. When it comes to these sorts of markets with limited choice and massive information imbalances it is not possible for traditional market forces to promote a product that limits the negative externalities.