I didn't say that, but the question was: should the government(s) intervene in this climate thing, or should we let the market solve it (on its own). By that last thing, one would count on the feedback from "I'm doing something to the climate" hence "50 years from now this might affect my revenues" (higher production costs in changed environment, less revenue because of starving customer population etc....). Or, another mechanism which would be "free market" would be that people would only buy products that are made using low-emission processes, by some kind of preference. As such, it would give your product a higher market value if people only bought it, even if it had a higher price.No market would exist anywhere without a government enforced rule of law. Nor will you find any free market economist stating government has no role.
I understand that; I was attempting to steer the dialog to a more productive question: what should be the nature of the government action? Putting any emissions restrictions aside for a moment, as I suggested above we still need to have a government to have any free market at all. For instance, it must act positively to assure private property rights. Thus its not representative of an ideal free market to imagine firm A acting independent of the govt. w/ only buyers and suppliers. The govt. must be in that example to enforce rights. This includes, importantly, the protection of third parties which have their property infringed by firm's A emissions. In an idea free market firm A would be required to make all third parties whole. Even in the case of AGW, if firm A contributed to some percentage of a catastrophic rise in sea level that destroyed my beach property, they owe me in an ideal free market. Unfortunately this idealized scenario doesn't work because of the transaction costs involved with large scale cases like AGW. So instead we need the govt. to act on our behalf instead by regulating the emissions. The interesting question is, how does it best do that with out wrecking the productivity of the enterprise.I didn't say that, but the question was: should the government(s) intervene in this climate thing, or should we let the market solve it (on its own).