> Irrational or corrupt states may do it anyway, but in that case the problem isn't competitive pressure, it's stupidity or corruption.
Well it's both, isn't it? Corporations seek out the most "stupid and corrupt" state with weak environmental regulations that will drive them to ruin, but maximize short-term private profit. Also, not that hard to do when the corporate elite fund elections.
> And then the next state over can out-compete them by offering environmental regulations with a $12M tax credit which the dumb state can't afford because it lost those resources to pollution.
Great. So your corrective mechanism for corruption is, states first have to fail due to extreme environmental pollution. Which happens over multiple generations, long after the corporations that drove the process have distributed profits and moved on. Not a really primo solution there. That is exactly why we have global warming. I guess our next planet can learn from Earth's "stupid and corrupt" mistakes, as part of a natural market correction, right?
Well it's both, isn't it? Corporations seek out the most "stupid and corrupt" state with weak environmental regulations that will drive them to ruin, but maximize short-term private profit. Also, not that hard to do when the corporate elite fund elections.
> And then the next state over can out-compete them by offering environmental regulations with a $12M tax credit which the dumb state can't afford because it lost those resources to pollution.
Great. So your corrective mechanism for corruption is, states first have to fail due to extreme environmental pollution. Which happens over multiple generations, long after the corporations that drove the process have distributed profits and moved on. Not a really primo solution there. That is exactly why we have global warming. I guess our next planet can learn from Earth's "stupid and corrupt" mistakes, as part of a natural market correction, right?