Listening to a podcast today, I heard, "Market externalities are why we need governments"
I find this argument uncompelling. Yes, market externalities exist. But they're dwarfed by government externalities.
Did W pay the full costs of the patriot act?
Did O pay the full costs of the ACA?
Now swap "full" with "any"
Does any politician care for any consequence beyond the length of their term?
Governments as the solution to market externalities is like gouging your eye out because you contracted pink eye.
1dullgeek / Geek
npub1k8…ld3qu
2024-09-15 12:55:01
Author Public Key
npub1k8ly0k2mxyk07hmmsnrz4fp5p6y57wcv8975p0jkcmhfy7rgvuwquld3quPublished at
2024-09-15 12:55:01Event JSON
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"content": "Listening to a podcast today, I heard, \"Market externalities are why we need governments\"\n\nI find this argument uncompelling. Yes, market externalities exist. But they're dwarfed by government externalities.\n\nDid W pay the full costs of the patriot act?\nDid O pay the full costs of the ACA?\n\nNow swap \"full\" with \"any\"\n\nDoes any politician care for any consequence beyond the length of their term?\n\nGovernments as the solution to market externalities is like gouging your eye out because you contracted pink eye.",
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