The mineral riches hiding under Greenland's ice

Re:The mineral riches hiding under Greenland's ice by logicchains on Wednesday January 07, 2026 @06:57AM (#46525374)

>Markets also cannot account for externalities. If those externalities are something you care about (e.g. the environment you live in) - you need regulation.

Markets account for externalities via ownership and torts. This was gutted in the 1800s in the US where a judge ruled people couldn't sue for the impact of environmental pollution, in the name of the "greater good" of industrialization.

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Re:The mineral riches hiding under Greenland's ice by throwaway132448 on Wednesday January 07, 2026 @08:14AM (#46526019)

I'd disagree with the framing of this: The ownership and torts _were_ the regulation. I'm using a narrow definition of "market" that really only concerns supply and demand (because this is what "free market" ideals all revolve around).

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Re:The mineral riches hiding under Greenland's ice by pnut on Wednesday January 07, 2026 @07:44AM (#46525789)

Rule of law and precedent are considered quaint and optional now.

But this centuries-old decision not encapsulated as a constutional amendment is binding?

Nope.

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