We show CO₂ emissions by country of production, not country of consumption. The CO₂ emitted in China for things US uses counts as China's.
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But China chooses how to make goods, and if we forced less efficient production via regs, it would hike prices, harming low/middle inc folks
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Economic systems are complex organic structures, wherein manipulation for single-level outcomes often yields N-depth unintended consequences
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You're making the well-understood concept of negative externalities sound much more complicated than it is.
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Replying to @davidbaron @csuwildcat @FremyCompany
We should price negative externalities appropriately, and have appropriate low-distortion redistribution policies.

Jun 2, 2017 · 7:41 AM UTC

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Replying to @davidbaron @FremyCompany
But consider how many variables and unknowns an economic system contains, and that we can't reliably model systems that are far less complex
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In this case the consequences are *intended*, and we want to let them propagate through the system. That's what markets are good at.
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