We Don’t Like The Market, Give Us The State
Maybe you’ve heard about LEED. Maybe not.
It’s an industry-focused sustainable/green building standard. The standards are set by the U.S. Green Building Council, a non-profit organization. It is not a governmental organization.
It is precisely an example of an industry forming its own regulatory structure without getting the government involved. This is, ostensibly, the approach advocated for by the GOP.
The sustainability metrics exclude certain types of fairly profitable resource gathering, due to its attempts to correct for externalities. This has the inevitable consequence that certain (fairly profitable) construction materials <em>providers</em> are excluded from contributing to LEED-certified construction projects.
Unsurprisingly, it turns out that when the state doesn’t require you to meet regulatory standards, but the marketplace does… you’ll just turn to the state to beat up on the marketplace.
(disclaimer: I have not fact-checked this article as yet).
Notable note: the states mentioned in this article? Mississippi, Alabama, and Georgia. Alabama and Georgia, according to the article, have done this by executive decree.