How would natural resource and pollution management would work under a ParEcon?
Can you also explain how setting pollution controls might work under a ParEcon? Are the levels set for the economy as a whole? What if I don’t want any such pollution in my neighborhood? Do I have to resort to legal means to stop workplace Y from polluting there, or are there economic means at my disposal? Pollution is part of what is counted into the social costs and benefits associated with production and consumption. So the price of products reflects the pollution – and the cost of cleaning it up. For example, if there is a plant that produces something for a national audience, and, given the social costs and benefits there is lots of demand. But, suppose the pollution leaves the plant and congregates above a local community, primarily affecting its citizens. Now what? Well, what is the just approach? It isn’t automatic, I think, it involves assessment of social costs and benefits, and options. Suppose it is a relatively unimportant product and the local environmental affect is deva
