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Going by wikipedia: "Cost externalizing is a socioeconomic term describing how a business maximizes its profits by off-loading indirect costs and forcing negati
by licebmi__at__ 7y ago
Going by wikipedia: "Cost externalizing is a socioeconomic term describing how a business maximizes its profits by off-loading indirect costs and forcing negative effects to a third party. An externalized cost is known to economists as a negative externality."
I think the here bias is trying to hide with the more general technical term, that in this specific discussion, the third party which assumes the loses is the whole society.