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How will a carbon price build a network of electric-vehicle, fast-charging stations? Tesla only builds them in cherry-picked areas where it can rely on profits. Like a private bus company or an internet provider, Elon Musk won’t provide a service where that doesn’t make money. The market leaves the…

What is profitable is not always useful, and what is useful is not always profitable. Worse still, many things that undermine human flourishing or even threaten our existence remain profitable, and, without regulatory intervention, companies will continue to produce them.

This — the market’s pro…