Pollution: Market vs. Governments

Pollution: Market vs. Governments



Should the problem of pollution – air and/or water – be dealt with by governments or with markets? This is a question that is obviously controversial and can be argued about till the end of time. Economists have been and still are debating amongst themselves about which method is the most efficient and productive way to solve this problem. Some say that the market can take care of it by itself, and others say that the government needs to intervene and take care of it directly. So what is the correct answer? I say that neither one is correct alone. There needs to be a combination of government intervention with the market in order to effectively handle the problem with pollution.
The government has tried to be the one to solve this problem in the past. Several different methods have been used and implemented in the attempt to clean up the air and water to better our way of living. Many laws were implemented and passed by C...