what is the potential impact of such a market on the environment.
how can these problems be solved?|||The problem of a completely free-market economy is that there is no incentive for anyone to think about the community. This is called 'tragedy of the commons'. Imagine a shared resource, like a field that doesn't belong to anyone. That field can sustain 4 sheep grazing on it forever. More than 4 sheep, and the grass will not grow back fast enough, die, and the field will be unusable by anybody.
Because people look for their own interest, in a completely free-market economy, that field is a goner. Any farmer knows that he can save a month worth of sheep food by putting all his sheep on the field. Yes, the grass will die, but if he doesn't, somebody else will. So he does. And instead of the community having pasture for a long time, one person got an immediate economic benefit at the expense of all others.
The reasoning is the same for every resource: why switch to renewable energy? Why install depolluters? It is less efficient, and expensive, so if I do, the competition will get the better of me. Why shouldn't I cut down the rainforest? My children need to eat, I must put my cattle there.
The problem can be solved, partially, by an interventionist government. The government, at its core, is supposed to represent the will of the community. It protects the good of all, at the expense of a greater good for just one. So the government enacts laws to protect the communal good, and punishments to enforce them.
In theory... (in practice, we're doomed :) :(|||Pollution... I guess|||(Urban run off) witch includes motor oil, gasoline,transmission fluid,brake fluid and particulates from tire ware.The exhaust from a automobile can kill you in a matter of minutes.The car might just be the worst invention of all time.|||1)Natural resources depleted
2)Greenhouse gasses contributing to global warming and weakening of ozone layer
solutions?
not sure!!
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