Tag Archives: negative externality

Head in the sand, so far. Massive denial."Capitalize the gains, socialize the losses" is becoming an unsustainable business model.Tax Research UKThe world’s companies should be forced to account for Global Heating Richard Murphy | Professor of Practice in International Political Economy at City University, London; Director of Tax Research UK; non-executive director of Cambridge Econometrics, and a member of the Progressive Economy Forum

"But how will we pay for it?" The bill for all the negative externality that has been socialized is coming due.TruthdigThe $70-Trillion Climate Bill Coming Our WayTim Radford / Climate News Network

The insect apocalypse is indeed upon us, according to the first global scientific review of insect population decline. Another bad omen?Huff PostInsects Are Dying En Masse, Risking ‘Catastrophic’ Collapse Of Earth’s EcosystemsDominique Mosbergen

Capitalism is an economic system that favor capital (ownership) over labor (people) and land (the environment) because capital formulation generates growth and "a rising tide lifts all boats" (trickle down). Socialism is an economic system that favors labor (people) and land (the environment) over capital (ownership) because the economic system is the life-support system of society and needs to be subjected to the comprehensive needs of society, which are social and political in addition...