The Two Flaws Of Libertarian Economics

Re:The Two Flaws Of Libertarian Economics by coryrc on Thursday January 08, 2009 @07:07PM (#425907)

You remind me when I figured out Libertarianism can't work (at least anywhere near as efficient as it should). Under Libertarianism, government must compensate for market failures/extranalities, example one being pollution.

So who decides what is pollution?

Once someone says CO2 is pollution, government now controls nearly all of your life.

(This isn't a failure of Libertarianism, it's a human failure -- greed.)

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Re:The Two Flaws Of Libertarian Economics by Retric on Friday January 09, 2009 @09:53AM (#426624)

I think the most reasonable solution is to replace pollution controwls with a tax that is send to every american.

AKA CO2 costs 3$ per 1000lb. Every billion pounds you collect 3 million and every American get's their pollution check for 1c. This can still be corrupted but because the government is not spending the money it's more balanced.

PS: IMO the secret is for markets to price the correct information not for some group to tell them what to do.

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Re:The Two Flaws Of Libertarian Economics by gravitycop on Saturday January 10, 2009 @11:39PM (#428790)

Wouldn't a pollution charge work better if it were assessed individually, instead of collectively?

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