externalities

The Invisible Hand (Never Picks Up the Check)

Raise your hand if this has ever happened to you. You’re telling someone about some problem the world is facing, whether it’s global warming, animal cruelty in factory farms, sweatshop labor conditions, polluted rivers, e-waste, or some public health epidemic like diabetes, heart disease, cancer or obesity. In your mind, it’s clear as day: the cause …

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Will Australia Nix Its Carbon Tax?

Last week’s general election victory for Tony Abbott and his liberal party may well spell the end of the carbon tax in Australia. Abbott’s liberals (which are kind of the opposite of liberals in the U.S.) have verbally opposed putting a price on carbon, and with overwhelming financial backing from heavy pollution industries in Australia, …

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True Costs in the Agriculture and Food Industry

by Heidi Darling Up until about 1960, the largest contributor of CO2 to the atmosphere wasn’t the burning of fossil fuels. It was plowing agriculture fields, which destroyed the rich dark (carbon) filled soil. Even today, agriculture produces more greenhouse gases than the transportation or industrial sector! 2% of global sea level rise is caused …

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How is coal power so cheap? (Hint: it’s because you’re subsidizing it)

The idea that coal is cheaper than wind and solar is what keeps coal in the forefront of energy production in the U.S. But what if the idea itself is completely flawed? The American Coalition for Clean Coal Electricity is actively promoting the benefits of coal power. If you see an ad on a website …

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Romney shows disturbing lack of understanding of capitalism

Republican Presidential Candidate Mitt Romney recently rankled feathers in his own party by opposing a very popular wind energy tax credit at the federal level. Romney’s top energy advisor is from a giant oil company, and many see this as the latest of a series of moves in which his campaign is bending to the …

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Factory farms fight public health, safety, and cruelty legislation…but not the factory farms affected by the law?

In a groundbreaking move toward corporate social responsibility, the United Egg Producers of the United States is teaming up with the Humane Society to push for regulations of its industry making the particularly cruel battery cages with which most chickens are factory farmed illegal. Regulatory attempts like this are often stonewalled by the industry associations …

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