Ecological Disaster as 10,000 Acre Solar Farm in Texas Destroyed by Hail Storm -MSN

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[–]x0x7 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (2 children)

As long as whoever was dumb enough to make that investment eats 100% of the cost I'm OK with it.

Oh wait, no, we've been subsidizing solar panels.

[–]Questionable[S] 1 insightful - 2 fun1 insightful - 1 fun2 insightful - 2 fun -  (1 child)

What could that land have been used for?

Now it's polluted with toxic chemicals.

[–]x0x7 1 insightful - 2 fun1 insightful - 1 fun2 insightful - 2 fun -  (0 children)

This is why land is expensive. The cost of ruining it is high. When you buy land you are basically paying the amount of all opportunity cost of what else it could be used for for all time adjusted by a time dependent discount factor.

So in a perfect free market if he bought the land and can never sell it he ate exactly the amount of cost that he should.