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> externalities are never priced in "A basic principle of modern state is that costs and risks are socialized to the extent possible, while profit is privatize
by myshpa 4y ago
> externalities are never priced in
"A basic principle of modern state is that costs and risks are socialized to the extent possible, while profit is privatized." (Noam Chomsky)
- refurb 4y agoRight but that happens everywhere. Look at the housing market. People take risky loans make a ton of money, they keep it. Housing market goes to crap, immediately they get bailed out. And voters vote for it!