Quote:
Originally Posted by Tacopuck
Doesnt stop people from filing class action lawsuits, forming Environmental groups or PAC's. If people are so concerned about a problem they could elect a government that could take these companies to court (but would ultimately be decided by the courts - not government). This way there would be more ways and methods to hold companies to the values held by a given jurisdiction.
In the case of the carbon emitters you could try and sue every carbon emitter but a court would not let you goto court for a small player as it would be a waste of time. A certain threshold of damages would be required.
Public good would be defined in the acts / laws that implement the privatization of regulation. They would have to be defined in a way that is general enough to allow for adequate protection but not too general so you can sue over anything. Some examples could be (subject to rewording):
- Air quality must be maintained so that it has no adverse effects on local populations
- A potable Water quality must be maintained
This would be a very hard aspect to get "right" yes, but the ideas in this thread are exactly that, things that go against the norm and could be very hard to implement.
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Yes but can't you see how these self-regulated industries would have it in their best interest to have these standards be as low as possible?
Multimillion-billion dollar lawsuits forced upon them by only the most vigorous of opponents haven't cubed this behaviour. You're talking about industries en-masse agreeing to hold themselves to stricter regulations and punishment than is currently being done by outside forces. Outside forces they routinely spend absurd amounts of money to combat.