Re:Former U.S. congressman, operative pleads guilty to elect...
by gumby on Wednesday June 08, 2022 @07:16PM
(#31675697)
Coase’s theory doesn’t only apply to firms but to other organizations as well.
Imagine if San Diego wanted water from the Colorado River (what nerve!). They’d have to negotiate with every little town next to the river. And if one town doesn’t want to negotiate, well, they can attract business with offers of “take as much water as you want” and “emit as much toxic waste as you want”, and we’ll fuck the people downstream.
Imagine if San Diego wanted water from the Colorado River (what nerve!). They’d have to negotiate with every little town next to the river. And if one town doesn’t want to negotiate, well, they can attract business with offers of “take as much water as you want” and “emit as much toxic waste as you want”, and we’ll fuck the people downstream.