The “free market” solution

I’ve always found the notion that the free market will naturally solve any pressing environmental problems ludicrous, but this light bulb joke puts it in succinct perspective.

I was not in attendance at this year’s Nobel Conference but I just read about a comment made by presenter Steven Chu:

How many free-market advocates does it take to change a light bulb?

None, because if there was a problem, the free market would have taken care of it.

In other words, it’s possible that just maybe the profit motive does not always coincide perfectly with what’s best for the world (shareholders notwithstanding).