Comments: The Good Lord (and Adam Smith!) Provides

In defense of my heretical endorsement of wielding state power in the marketplace I must correct your characterization. My proposal is intended to keep China from exploiting OUR vast reserves of rare Earth metals. As the linked article said, the Chinese hegemony is made possible by that communist state's ability to flat-out ignore the chemical waste problems involved in processing of the metals. They don't have a monopoly on raw materials, they just underprice our for-profit businesses trying to compete on a vastly tilted playing field.

But what if our anti-pollution rules are overly strict? One form of government "subsidy" to the rare earth metals industry might be to get Leviathan off their backs.

Posted by johngalt at April 11, 2018 3:29 PM

I think I got it -- apologies if I presented it poorly. I'm suggesting that the introduction of Japan as a supplier potentially changes everything. They might split the difference between our NIMBY and China's YOLO.

Posted by jk at April 11, 2018 5:03 PM
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