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That’s half of it. But it’s worse than that. You’re considering the case where a non-zero price would fund existing projects that need work. Now consider how much value FOSS could create if we paid enough for it so that more people went to produce more of it. Microsoft wouldn’t exist today or it would use FOSS and either way everyone would pay way less for MS or MS-equivalent enterprise products. There would be a ton of freed up resources that could go towards other useful endeavors. But who am I kidding, they’d go into stock buybacks. 🫠
See my other comment for more detail.
You know, as time passes I get the feeling that this “space of externalities >>> the market space” might indeed be the case, or otherwise put that the free market fails to allocate resources efficiently more often than it succeeds. I just don’t know if there’s any empirical evidence for it and therefore I didn’t want to add much of my opinion. Just the mainstream economic view of externalities coupled with a few obvious and massive examples like climate change paints a decent picture.
Do you know of any analysis that tries to compare the space of externalities vs the space of the market?