[One of the most important articles I have ever read.]
We Pay From Our Wallets Only For Our Future To Be Stolen From Us
Here is a word that risks deterring you from reading on much further, even though it may hold the key to understanding why we are in such a terrible political, economic and social mess. That word is “externalities”.
That is why corporations – those that inflict the biggest and worst externalities – invest a great deal of time and money in aggressively managing public perceptions. They achieve this through a combination of public relations, advertising, media control, political lobbying and the capture of regulatory institutions. Much of the business of business is deception, either making the externalised harm invisible or gaining the public’s resigned acceptance that the harm is inevitable.
In that sense, capitalism produces a business model that is not only rapacious but psychopathic. Those who pursue profit have no choice but to inflict damage on wider society, or the planet, and then cloak their deeply anti-social – even suicidal – actions.
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