by Brent Blackwelder A year ago, I wrote about how a true-cost steady state economy would deal with water pollution. Last August, the alarming green slime at the west end of Lake Erie was so bad that it shut down Toledo’s water supply for half a million people. Who would pay the tremendous damages caused […]
Water pollution is not just a technical problem. It’s an emergent property of our flawed economic system.
If we don’t like the expense of government regulation and bureaucracies, then we’ve basically got three choices. And only two of them have a future.
Here’s a crazy but true fact: negative externalities are the norm — not the exception — in our current economic setup.