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Re: ethanol & lead: a story of market failure



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Please help make the Manifesto better, or accept it, and propagate it!
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Charu datt wrote:

> ---------------------------------------------------------------------
> Please help make the Manifesto better, or accept it, and propagate it!
> ---------------------------------------------------------------------
> Sometime ago some postings discussed the use of ethanol
> as a petrol substitute. The use of ethanol in motor fuels has
> a long history- starting with the invention of the internal combustion
engine-
> but a very recently uncovered story involving the use of ethnol as an
> anti-knock
>
> agent  makes fascinating reading and a great illustration of how in this
case
> market forces and the profit motive did NOT work for the greater good but
> exactly the opposite to the greater detriment of the majority public,
with the
> worst excesses- collusion, monopolies, and squashing of competition- clearly
> demonstrated.
>

In this case what is the metric for measuring greater good??  And how do you
conveniently arrive at the conclusion that somehow greater good was not
serverd by
market forces?

Sincerely,
Vamsi M.


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