2020-10-28

New word of the day - Externalities.

Sad thing is, we all know what this is, even if we have never heard of the word. Another set of terms to describe it as global capitalism's business as usual -

In economics, “externalities” are usually defined indifferently as the effects of a commercial or industrial process on a third party that are not costed into that process.

https://consortiumnews.com/2020/10/27/taking-money-with-one-hand-fooling-us-with-the-other/

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