Comment by xfil

Also, our current system grossly undermines the functionality of our market economy. A lack of pricing for negative externalities will essentially always result in the basic concept of market failure.

Run inaccurate pricing of carbon emissions long enough and something bad is bound to happen. Same ordeal with cattle ranching & agriculture to feed it in the Amazon basin: >20% of the 55-million-year-old Amazon rainforest has been degraded for cattle in the past 55 years, partially because consumers don't pay accurate prices and producers don't pay accurate costs.

The unwillingness to merely partially solve obvious market failures via accurate pricing is a catastrophic hypocrisy in those among us who thump their chests about 'free markets' while conflating the concept with modern capitalism.