EXTERNALITIES

EXTERNALITIES

From Heart Yoga Radio by Pete Yates

March 19, 2026 · 24 min · Episode 392

About this episode

The episode discusses the concept of externalities in capitalist production and its implications for public health and government action.

In this podcast, I consider 'externalities' which is the name given to the dumping of waste products into water and air, and onto land by capitalist industrial production, free of charge. I argue this is done under the imperative of 'increasing shareholder value' and in which governments are implicated. This explains, I argue, why governments wait until the last minute to act, even though citizens' health may be severely impacted. I illustrate the thesis with examples from the the 19th, 20th and 21st centuries. [Free. 30 minutes.]

Topics covered

  • environment
  • capitalism
  • government policy
  • public health
  • history

Keywords

  • externalities
  • capitalist industrial production
  • shareholder value
  • government action
  • citizens' health
  • 19th century
  • 20th century
  • 21st century

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