Re:Voltswagen of America
by andrepd on Tuesday March 30, 2021 @12:36PM
(#26636793)
> it's almost impossible to effectively regulate externalities in a global economy.
It really is not. Take the EU, for instance. They have the biggest internal market in the world. They can effectively dictate many things unilaterally that companies have to comply with under pain of being locked out of a multi-trillion dollar market (and indeed they do, with things such as health and safety standards, etc.). There's nothing stopping then from properly pricing externalities of pollution for instance, or of mandating that clothes companies pass a workplace standards audit irrespective of where their factories are located. This isn't done because of lack of will.
It really is not. Take the EU, for instance. They have the biggest internal market in the world. They can effectively dictate many things unilaterally that companies have to comply with under pain of being locked out of a multi-trillion dollar market (and indeed they do, with things such as health and safety standards, etc.). There's nothing stopping then from properly pricing externalities of pollution for instance, or of mandating that clothes companies pass a workplace standards audit irrespective of where their factories are located. This isn't done because of lack of will.