State vs Market led approach to environmental problems

Created by: Jasmine Khatri
Created on: 22-12-18 04:09


	State vs Market led approach to environmental problems
	AdvantagesGetting StartedGetting Started Advantages of the State: Equal and fair application of regulation. Better protection of values (of the state) A centralised command center - easy to keep track of More likely to make and keep to meaningful targets - also collaborate on international stage. ---------------------------------------- Advantages of the Market: Most efficient service . Better incentive to take care of commons if you own it. Attracts people on a personal level - more likely to get quick action as opposed to state bureaucracy?	Disadvantages Disadvantages of the State: Not very efficient - over a large scale, how can a state effectively implement and monitor solutions. Limited in reach - how can one state's regulations really impact trans-boundary issues -------------------------------------------- Disadvantages of the Market: Limited effectiveness and equity? - those who are rich will continue to pay more to pollute, leaving only the poor to suffer. How can you effectively assign property rights to global commons such as outer space, the high seas - which are transboundary. Also doesn't necessarily conform to the political map either. Hard to keep track of - for example things like privatisation, private trade partnerships aren't regulated esp. under neoliberalism.
	Evaluation I therefore would argue that the state solution to environmental problems is the lesser of two evils. Although it is largely slow on the uptake - state solutions with appropriate mechanisms to monitor at local levels (perhaps with some private/lower level help) are the best in order to ensure that everyone follows similar rules and that the world is on the same page when it comes to dealing with environmental problems, as it is easier for the limited number of states to collaborate rather than the increasing number of private organisations. These organisations aren't regulated by any kind of ethical (?) committee, so it'd be difficult to track and control their interests when it comes to the environment.

State vs Market led approach to environmental problems

AdvantagesGetting StartedGetting Started

Advantages of the State:
Equal and fair application of regulation.
Better protection of values (of the state)
A centralised command center - easy to keep track of
More likely to make and keep to meaningful targets - also collaborate on international stage.
----------------------------------------
Advantages of the Market:
Most efficient service .
Better incentive to take care of commons if you own it.
Attracts people on a personal level - more likely to get quick action as opposed to state bureaucracy?

Disadvantages

Disadvantages of the State:
Not very efficient - over a large scale, how can a state effectively implement and monitor solutions.
Limited in reach - how can one state's regulations really impact trans-boundary issues
--------------------------------------------
Disadvantages of the Market:
Limited effectiveness and equity? - those who are rich will continue to pay more to pollute, leaving only the poor to suffer.
How can you effectively assign property rights to global commons such as outer space, the high seas - which are transboundary.
Also doesn't necessarily conform to the political map either.
Hard to keep track of - for example things like privatisation, private trade partnerships aren't regulated esp. under neoliberalism.

Evaluation

I therefore would argue that the state solution to environmental problems is the lesser of two evils. Although it is largely slow on the uptake - state solutions with appropriate mechanisms to monitor at local levels (perhaps with some private/lower level help) are the best in order to ensure that everyone follows similar rules and that the world is on the same page when it comes to dealing with environmental problems, as it is easier for the limited number of states to collaborate rather than the increasing number of private organisations. These organisations aren't regulated by any kind of ethical (?) committee, so it'd be difficult to track and control their interests when it comes to the environment.

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State vs Market led approach to environmental problems