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Olduvai III: Catacylsm
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The Social Cost of Capitalism

August 12, 2015

The Social Cost of Capitalism Few, if any, corporations absorb the full cost of their operations. Corporations shove many of their costs onto the environment, the public sector, and distant third parties. For example, currently 3 million gallons of toxic waste water from a Colorado mine has escaped and is working its way down two […]

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The High Cost of Capitalism

February 2, 2015

The High Cost of Capitalism In my book, The Failure of Laissez Faire Capitalism, I explain the concept of external or social costs. These are the costs associated with production that are not incurred by the producer but are inflicted on outside third parties, most often the environment, such as land, air, and water resources […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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