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I don't think that's true, we have serious issues pricing externalities correctly, and making sure the correct party pays for them. Way too often the bill for risk and cleanup lands on the (local) goverment/public - sometimes long after the profit has been made.

Common and extreme cases are pollution of the type we see on Nigeria where global conglomerates are "allowed" to ignore safety standards by a corrupt government. Eg: https://www.bbc.com/news/10313107

See also:

Michael Woodiwiss Gangster Capitalism: The United States and the Globalization of Organized Crime

https://www.amazon.com/Gangster-Capitalism-United-Globalizat...

Ed: and another example of problematic incetives is allowing power production for profit. We generally agree we need to use less energy, and yet have businesses that make more money when they can sell more energy... Sure, it might be a benefit to relatively sell more "green" energy - but really, the ideal energy company would make the most money when it got its customers to buy less energy....




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