Re: Re: "government failure"

[Jim Devine <jdevine@xxxxxxxxxxxxxxx>]

At 03:16 PM 02/13/2000 -0500, you wrote:
> In a message dated 00-02-13 14:45:30 EST, you write:
>
> <<  What orthodox economists may see as
>  "failure" is success to the capitalists or the Stalinist bureaucrats.
>  However, we should keep in mind what "success" is from the point of the
>  working classes.  >>
>
> Well, I doubt whether either capitalists or bureaucrats see or saw pollution
> as a success. It's a negative all around, for the bosses as wella s the
> workers.

That's true in theory, but not in practice:  I notice that here in L.A.
rich people live in places with less pollution (e.g., Beverly Hills) and
less-rich people live in places with more pollution. Part of this is the
normal workings of the real-estate market: low pollution means high
property values which exclude the poor.

Jim Devine jdevine@xxxxxxxxxxxxxxx &
http://clawww.lmu.edu/Faculty/JDevine/JDevine.html