Why environmentalists should trust the free market, too

Todd Myers contrasts the failures of government policy with free-market successes in the areas of energy efficiency and sustainability. The moral:

Political solutions are seductive. It is simple and emotionally satisfying to require others do what you think is best. In the real world, however, political solutions frequently fail, prioritizing image over results.

Free market solutions, are more effective because they punish failure, provide incentives to do more with less and use localized information that politicians can never have. Unleashing the power of the market is critical if we are truly to make progress on energy and the environment.

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