Externalities are the external costs that corporations shift onto the populace. The goal of the corporation is externalize cost to maximize profit.
Externalities are the unintended or unavoidable byproducts of doing business: Pollution is an externality. The cost of patrolling the ME to control Oil is an externality. Roads destroyed by trucking is an externality. Perhaps someone can do a better job of explaining this. Gotta run! Cheers, Ron Watson http://k9disc.blip.tv http://k9disc.com http://discdogradio.com http://pawsitivevybe.com On Feb 13, 2008, at 4:43 PM, Steve Watkins wrote: > Your post was very interesting, Im still learning about economics, > could you explain this > stuff about externalities? > > Does it have anything to do with, for example, if the finite nature > of resources was > factored into the price from the start, the masses may never have > got to command the > equivalent of thousands of horses to move them around? > > Cheers > > Steve Elbows > > --- In videoblogging@yahoogroups.com, "J. Rhett Aultman" > <[EMAIL PROTECTED]> wrote: > > > The problem I see here is externalities. If the costs of > externalities > > were baked into every transaction, this would be true. All too > often, > > it's not. > > > > -- > > Rhett. > > http://www.weatherlight.com/greentime > > http://www.weatherlight.com/freetime > > > > > [Non-text portions of this message have been removed]
