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We regulated all the pollution away.
We made it utterly expensive to make things, and then all the manufacturing moved to places where the regulations didn't exist, so it was still cheap. You want to use this industrial solvent? Well, you'll have to build a special room for it, and then you'll have to capture the fumes, and the waste, and dispose of it in an ultra-expensive way, and keep records for it all. Or you could have it made in a place where they don't care and just throw the waste in the river, saving you millions.
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