Comment Re:That's it!! I've had it!! (Score 3, Insightful) 251
Of course we do ! Any savings from cheaper power goes directly into your pocket, while the extenal costs are shared with 7 billion people.
That's the problem with externalities. If I can make a deal that is a win of $10 million for me -- but that cauces a loss of $0.05 for every human being on the planet, then it's a huge win for me, so barring laws stopping me, I'll likely say yes. Meanwhile, the deal creates $10M of value, and does $350M worth of damage, thus for humanity as a whole, the deal is a huge loss.
Externalities is one of the biggest problems with capitalism. It explains why rational players can end up making decisions that are a net loss overall.