On the recordMarch 10, 2014
If you have two factories working side-by-side and one factory is paying attention to making its products and doing the best it can and being as efficient as it can and making a great product and going out and selling it, and then the factory next to it has figured out a way to take a big chunk of its costs and push them off on to other people--let's say one factory has to clean up its effluent, and the other one just dumps it in the river; let's say one factory has to pay for cleanup of its trash and disposal and the other just shovels it in the neighbor's yard at night; no matter how that second factory is cheating by offloading costs onto other people instead of putting them in, you do not have a fair market between those two factories. You have one that is playing by the rules, playing by market theory, and you have one it cannot compete with because the other one is cheating. When fossil fuels dump carbon into our atmosphere and we now know the harm it causes, and it comes home to folks at Roy Carpenter's Beach in Rhode Island, and people's homes are falling into the water; when it comes to storms that smash on the shorefront of New Jersey; when it comes to the wildfires and droughts that we heard of tearing through New Mexico and Colorado; when it comes to ocean acidification, those are real costs to real people, and they have been pushed onto the rest of us by those polluters, and it simply isn't fair. It is a violation of basic market theory.…





