Jan. 10, 2012 at 10:32am with 17 notes
blog comments powered by Disqus
Pricing mechanisms in a very unequal society operate not by allocating resources to those who will get the most value from them, but by allocating them to those who have the most money. Left neoliberals will argue that this problem is one of inequality, not of pricing; but, unless inequality is dealt with first, it amounts to the same thing. In economically unequal societies, imposing pricing schemes on things like parking, congestion, and carbon emissions just puts greater burdens on poor people or prices them out of some goods altogether.
  1. edwardok reblogged this from naysayersspeak
  2. naysayersspeak reblogged this from edwardok
  3. samclifford reblogged this from redrabbleroz
  4. redrabbleroz posted this