Soviet factories polluted far more while producing far less.
These are points about economic theory, not necessarily about economic fact. And I’m pretty sure you could find an example that goes along with this, maybe in some tiny industry; it’s not as if polluting industries and government subsidies are in short supply, and mini-monopolies are quite common, so an example of this has to exist somewhere.
Additionally, “natural” monopolies (as opposed to government-instituted monopolies such as Bell) such as Standard Oil -didn’t- underproduce. They can’t afford to.
Standard economic theory says the opposite.
Now the theory may be wrong, but I stand by my point that economic theory is not a morality tale.
Your point may or may not be accurate, but it’s not made by the post. Your post at the minimum comes across as being dependent on two facts which are not in evidence.
I’d suggest fleshing it out with more abstract reasoning; your argument literally consists of an example. You don’t even explain what exactly it is your examples are supposed to be demonstrating. I -think- your point is that there isn’t a single unifying moral perspective in economics—that is, there are trade-offs and opportunity costs in economics, including in the moral sphere. I agree with that point, if that’s the point you’re making. I just don’t think your post does a good job making the point as-is.
These are points about economic theory, not necessarily about economic fact. And I’m pretty sure you could find an example that goes along with this, maybe in some tiny industry; it’s not as if polluting industries and government subsidies are in short supply, and mini-monopolies are quite common, so an example of this has to exist somewhere.
Standard economic theory says the opposite.
Now the theory may be wrong, but I stand by my point that economic theory is not a morality tale.
Your point may or may not be accurate, but it’s not made by the post. Your post at the minimum comes across as being dependent on two facts which are not in evidence.
I’d suggest fleshing it out with more abstract reasoning; your argument literally consists of an example. You don’t even explain what exactly it is your examples are supposed to be demonstrating. I -think- your point is that there isn’t a single unifying moral perspective in economics—that is, there are trade-offs and opportunity costs in economics, including in the moral sphere. I agree with that point, if that’s the point you’re making. I just don’t think your post does a good job making the point as-is.