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I don’t see that as a one or the other decision. I think of it as a continuum, where decision making on either side is grounded in knowledge of history. Should the government decide if Nike or Addidas make better shoes? No, let the market do that. But if one company makes cheaper and better shoes by offloading toxic waste into aquifers that feed large cities, the market is not good at weeding that out until the damage has been done. Enter regulations created in and of the public interest.



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