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re: The mass freakout over Bret Stephen's climate change article on NYT

Posted on 5/3/17 at 3:57 am to
Posted by Clames
Member since Oct 2010
16733 posts
Posted on 5/3/17 at 3:57 am to
quote:

Last I checked most of these companies have shareholders and shareholders are not keen on reducing profits simply because they want to be overly altruistic(unless there is a "goodwill" benefit) and internalize costs they produce but aren't currently being forced to. In fact CEO's have been sued by shareholders for far less.


You've never checked at all, just making assumptions from you own prejudices.

quote:

I'm the type that made it through Micro and Macro econ 101 and passed the test that dealt with various types of market failures and distortions. Seems I am the only one in this conversation to at least get that far.


Hardly, and even the guy that graduated at the bottom of the class in med school is still called "doctor" by the way.

quote:

There is nothing "out of date" about recognizing when a marketplace has failed to address external costs. Then pointing out how that failure distorts the market and the price of goods.


It's out of date because you are making garbage assumptions that don't hold up to the reality of today. You think a few classes means anything? You are just repeating some shiny new (to you) concepts and terminology and trying to fit them to a subject you barely have a room temp IQ on. I'm someone who passed somewhat more involved classes in thermodynamics, that's my shtick...


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