28 Jul '11, 9pm

Auto industry getting ready for White House to announce 54.4 mpg proposal Friday

You obviously don't understand capitalism. Capitalism relies upon the US civil court system to administrate justice on a case-by-case basis to decide the monetary remedy for pollution torts. Without laws, the civil system cannot remedy anything. This is a shortcoming of government, civics, and political systems not a fault of capitalism. Furthermore, the concept of negative externalities and the concepts for modeling their value was developed by capitalists. The same capitalists gave a long list of warnings regarding the types of systems that should NOT be used to remedy the situation. Unfortunately, their advice has been discarded for ideological convenience and political pageantry. Foreign balance of payments is naturally in balance. We have a imbalance of trade b/c oil is traded in dollars. If it weren't, our currency would have collapsed a long time ago, and oil would ...

Full article: http://green.autoblog.com/2011/07/28/auto-industry-gettin...

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