#cost externalization

[left-reminders]

“A market economy is one in which whoever makes a decision is the one who pays for that decision.” -Thomas Sowell

Nah, mate. Ever heard of cost externalization?

[indizombie]

When the seller retains the benefit of the externalized cost, this represents an unearned profit—an important source of market inefficiency. Passing the benefit to the buyer in the form of a lower price creates still another source of inefficiency by encouraging forms of consumption that use finite resources inefficiently.

David Korten, 'When Corporations Rule the World'