The Looting Machine Called Capitalism
Roberts, Paul Craighttp://www.counterpunch.org/2017/04/26/the-looting-machine-called-capitalism/
Date Written: 26/04/2017
Year Published: 2107 First Published: 2017
Resource Type: Article
Cx Number: CX20673
I have come to the conclusion that capitalism is successful primarily because it can impose the majority of the costs associated with its economic activities on outside parties and on the environment. In other words, capitalists make profits because their costs are externalized and born by others. In the US, society and the environment have to pick up the tab produced by capitalist activity.