Since libertarians want to get rid of the EPA and revert back to an economy in which there is absolutely zero government oversight or regulation into how businesses operate and dispose of hazardous materials or waste, I'm interested in hearing an explanation as to how that would work, exactly. Should the state of our environment improve? Decline? Is that question irrelevant because we will simply be better off with one less government agency, no matter at what cost?
Today, businesses are held accountable for their waste. They have to dispose of hazardous materials in a manner such that they are not putting nearby communities at risk...er...a manner such that they are not "exerting force" (for the libertarians) on their neighbors. Put another way, they must allocate resources towards addressing this issue, thus internalizing the cost of waste disposal and passing that cost on to their customers.
In libertarian-land, however, a business can simply dump its toxic waste in a nearby stream. Over time, we may find that a community down stream from a toxic-dumping business begins to develop cancer at a rate greater than the population at large. Put another way, toxic-dumping businesses would be able to pass on the cost of their waste disposal to people who don't even consume their products - (in the above example, this would be in the form of higher rates of disease). As a result of this ability to dump their waste disposal cost on society at large in the form of a negative economic externality, this business would be able to offer its product at a cheaper price than it otherwise would in a world with an EPA and environmental regulation. So it seems that libertarian-land's model would reward polluting businesses in the form of a cost incentive, and then saddle neighboring communities with the negative economic externalities such as toxic waste.
Is this how you envision this, libertarians? Or is there a different way things would work out? This is your chance. You have everyone's attention. Make the case for a world without an EPA and environmental regulation.
Today, businesses are held accountable for their waste. They have to dispose of hazardous materials in a manner such that they are not putting nearby communities at risk...er...a manner such that they are not "exerting force" (for the libertarians) on their neighbors. Put another way, they must allocate resources towards addressing this issue, thus internalizing the cost of waste disposal and passing that cost on to their customers.
In libertarian-land, however, a business can simply dump its toxic waste in a nearby stream. Over time, we may find that a community down stream from a toxic-dumping business begins to develop cancer at a rate greater than the population at large. Put another way, toxic-dumping businesses would be able to pass on the cost of their waste disposal to people who don't even consume their products - (in the above example, this would be in the form of higher rates of disease). As a result of this ability to dump their waste disposal cost on society at large in the form of a negative economic externality, this business would be able to offer its product at a cheaper price than it otherwise would in a world with an EPA and environmental regulation. So it seems that libertarian-land's model would reward polluting businesses in the form of a cost incentive, and then saddle neighboring communities with the negative economic externalities such as toxic waste.
Is this how you envision this, libertarians? Or is there a different way things would work out? This is your chance. You have everyone's attention. Make the case for a world without an EPA and environmental regulation.