Excellent explanation!!!!

…If I engage in pollution,” Stiglitz explained, “it leads to more carbon dioxide in the atmosphere.” But the polluter doesn’t have to pay for the effects of that increased carbon dioxide, like rising sea levels and more extreme weather. Instead, those costs are transferred to the citizens of New Orleans during Hurricane Katrina or to the island nations that are disappearing as seas rise.
A Nobel laureate says COVID-19 is ‘a textbook example of showing that markets don’t work.’
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Paul Constant
Robert Pacilio
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1 min read·
Jul 15, 2020
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Excellent explanation!!!!
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Written by Robert Pacilio
1.4K Followers
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San Diego County “Public School Teacher of the Year.” (32 year veteran) Author of five novels & a memoir available on Amazon and at www.robertpacilio.net.
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