Did I ruffle a few feathers? :)

Doug Henwood dhenwood at panix.com
Thu Sep 21 13:01:47 MDT 1995

At 1:42 PM 9/21/95, Chris M. Sciabarra wrote:

>If corporations have to PAY for their pollution, and pay
>dearly, they will be compelled to try other means for either cleaning up
>their pollution, or, for non-polluting methods of production.

But the price system doesn't signal this; it's rational, planning humans
collectively forcing the price system to say something it wouldn't have on
its own. Prices aren't just signals, they also denominate workers' and
firms' incomes, and so there's a tremendous incentive within the price
system to shift costs, especially long-term semi-visible ones like assuring
breathable air in 2050. As Keynes said, the average man discounts the
future at a very high rate.



Doug Henwood
[dhenwood at panix.com]
Left Business Observer
250 W 85 St
New York NY 10024-3217
+1-212-874-4020 voice
+1-212-874-3137 fax

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