Ecological economists, such as Herman E. Daly, stress that as the external costs of pollution and resource exhaustion are not included in Gross Domestic Product, we do not know whether an increase in GDP is a gain or a loss. External costs are huge and growing larger. Historically, manufacturing and industrial corporations, corporate farming,
Paul Craig Roberts: Is Capitalism Killing Us?
When we get right down to it, all of the profits that capitalism has generated over the centuries are probably due to capitalists not having to cover the full cost of their production, costs passed on to the environment and to third parties and pocketed the savings as profit.
