If the free market is so efficient, why, as it affects the environment, is the overall economy so inefficient? The answer is simple: Markets are superb at setting prices, but incapable of recognizing costs. Today we have free markets that cause harm and suffering to both natural and human communities because the market does not reflect the true costs of products and services. The proposals outlined in this selection are all designed, in one way or another, to address this flaw in the free-market system as it is now constituted.
