Anti-Capitalism in Many Lessons
Posted in Environment, Price System on Oct 6th, 2009
A popular criticism of capitalism and freedom (even among folks sympathetic to the ideas) is that “The Free-Market Allowed Global Warming to Happen.” The common argument goes something like, each of us (rationally) pursued our self-interest in driving cars and producing oil, and none had the foresight to take into account the external costs that […]