Economics

Trying something new: casting long thoughts into the void. Tell me I'm wrong

The primary problem the world faces is that of unpriced externalities. Firms are excellent at finding opportunities to provide goods to customers, but in their rush to remain competitive we frequently find them heaping costs they incur onto the shoulders of people and planet, rather than paying for it themselves.

Fundamentally, this is a market inefficiency like any other, and it's a problem that all prior organisms have solved, humanity as an organism is now on the precipice of being able to solve it ourselves.

The heart of the problem is this: in order to be able to address the problem of externalities all actors must come to a shared understanding of the costs. In other words, they must come to tell a shared (and true) story about how the world works and the consequences of an action in it.

I think @nor is my new favorite thinker on Farcaster

The only problem is externality pricing.

Building https://negationgame.com