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On Thu, 22 Aug 2024 07:50:19 -0700, Bobbie SellersActually externalization of costs is not unique to capitalism, but government does it just as good if not more than capitalism.
<blissInSanFrancisco@mouse-potato.com> wrote:
>On 8/22/24 07:24, Scott Lurndal wrote:>D <nospam@example.net> writes:I believe he has a subsequent volume as well. But he discusses>>At the risk of widening the discussion a bit, I recommend Johan Norbergs,>
"The Capitalist Manifesto" where he shows in a very easy to understand
Balance that with Thomas Piketty.
>
"Capital in the Twenty-First Century"
>
the economic conditions as between public wealth and privately held
wealth. Capitalism is responsible for the ongoing climate crisis.
The deleterious effects of mass fossil fuel use were set out quite
early in the development of the Industrial Age and in 1937 a scientist
working for a petroleum extractor made it perfectly clear that disaster
was waiting around the corner but the Profit seekers at the top
suppressed his report in order to sell more gasoline and fuel oils.
Externalization of costs is a well-known downside to capitlism.
The poster child for this is the smokestack, belching out stuff thatIn what government-free country has this happened more, than in countries with government and regulated markets?
settles and turns everything black. Even the formerly-white moths.
The latest example is nuclear waste, which was /deliberately/See above.
externalized by the gumming to make the cost of electricity produced
by nuclear plants as competitive as possible with other sources. Now
storing the waste is (and has been for some time) a problem for The
Rest of Us.
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