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It’s a systemic imperative of capitalism to externalize the costs of extracting profits from society onto society itself. Governments are incentivized to facili
by bobwaycott 8y ago
It’s a systemic imperative of capitalism to externalize the costs of extracting profits from society onto society itself. Governments are incentivized to facilitate this because they have long been captured by and dependent on capital for continued support and existence. If there is a path for increasing profits by offloading costs onto the public, it will be pursued to the maximum extent.
But yeah, most of us who wind up shouldering the public burden of externalized costs to maximize private profit would call it greed.