Re:Britain to ban new petrol cars and vans by 2030 on road t...
by baq on Wednesday November 18, 2020 @05:23AM
(#25135149)
the market can and will correct itself. there are two problems however:
- actually getting rules implemented and enforced (political suicide by regulators - had an example of that in my own country just a couple months ago, made a mess in the government, the new rules didn't pass in parliament, governing party lost 10 pp in polls anyway)
- very irregular period of convergence from old rules to new (societal turmoil guaranteed, political consequences very likely) - see thatcher's closure of British coal mines for a good example
Re:Britain to ban new petrol cars and vans by 2030 on road t...
by black_puppydog on Wednesday November 18, 2020 @05:27AM
(#25135181)
you forgot problem number three:
- the market as such will correct itself but is entirely unconcerned with the welfare of human beings in the meantime, and will continue to be unconcerned with it afterwards.
This right here is the achilles heal of free market theory.