Harvard Law Professor Mark J. Roe argues that short-termism in stock markets is overstated, emphasizing that shareholder activism can drive innovation and that environmental issues stem from externalities, not investment horizons.
#YonhapInfomax #ShortTermism #MarkJRoe #ShareholderActivism #Externalities #KoreaUniversitySeminar #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=70672
#Externalities
Capitalism is threatened by collective power and tries to deflect blame by foisting the problems it causes onto the individual. This classic ad promoting environmentalism is a perfect example...
#cryingindian #environment #capitalism #externalities #propaganda
I wonder if I'm missing something, here.
If tariffs put the brakes on global trade, resulting in inefficient markets with reduced sales and less transport of goods, isn't that a favorable outcome? An outcome that better avoids pollution and other unjust external costs?
In the long run, of course, such costs are best addressed by tough environmental, labor, and safety regulations. Yet aren't Mr. Trump's tariff games a suitable temporary remedy? In light of how hard it is to get nations to fully implement tough regulations—?
Regardless of Mr. Trump maybe neither wanting it nor considering it, market contractions always decrease externalities, right? If so, then by blocking commerce, Mr. Trump necessarily would block external harms too. Which have kind of been out of control for a long time.
Unfettered trade and consumerism are bad. And tariffs prevent unfettered trade and consumerism, however clumsily and impermanently. Heh. Likewise, I imagine Mother Nature is elated whenever we humans propose or engage in trade wars. ☺️
Therefore, I don't think I'll be complaining about any current tariff fiascos (cf. the article provided below) since a depression is not imminent, as of now; and slowing down our global economy would likely improve our world overall.
#economics
#externalities
#holism
#sacrifice
https://reason.com/2025/04/24/over-1500-economists-agree-trumps-tariffs-are-terrible/
Democratizing Investing does not mean offering more products. Instead, BlackRock should review its proxy voting policies to address externalities per The Shareholder Commons and allow investors to customize their proxy voting in detail, as is offered through iconikapp.com. https://www.corpgov.net/2025/04/democratizing-investing-blackrocks-effort/ #corpgov #ESG #democracy #economy BlackRock Larry Fink iconik The Shareholder Commons #proxyvoting #externalities #POB #proxiesontheballot Rick Alexander
De-Amazonification update: ordered an item we buy monthly directly from the manufacturer instead of from Amazon. It was two dollars cheaper, but I had to pay $4.99 for shipping.
On the other hand: do I want to pay for shipping, or do I want to pay for fascism?
#DeAmazonification #externalities
A quotation from Nassim Nicholas Taleb
The epic poet did not judge his heroes by the result: Heroes won and lost battles in a manner that was totally independent of their own valor; their fate depended upon totally external forces, generally the explicit agency of the scheming gods (not devoid of nepotism(. Heroes are heroes because they are heroic in behavior, not because they won or loss.
Nassim Nicholas Taleb (b. 1960) Lebanese-American essayist, statistician, risk analyst, aphorist
Sourcing, notes: wist.info/taleb-nassim-nichola…
#quote #quotes #quotation #behavior #character #externalities #fate #heroism #success #winning
A quotation from Bertrand Russell
I enjoy life; I might almost say that with every year that passes I enjoy it more. This is due partly to having discovered what were the things that I most desired, and having gradually acquired many of these things. Partly it is due to having successfully dismissed certain objects of desire — such as the acquisition of indubitable knowledge about something or other — as essentially unattainable. But very largely it is due to a diminishing preoccupation with myself. Like others who had a Puritan education, I had the habit of meditating on my sins, follies, and shortcomings. I seemed to myself — no doubt justly — a miserable specimen. Gradually I learned to be indifferent to myself and my deficiencies; I came to centre my attention increasingly upon external objects: the state of the world, various branches of knowledge, individuals for whom I felt affection.
Bertrand Russell (1872-1970) English mathematician and philosopher
Conquest of Happiness, Part 1, ch. 1 “What Makes People Unhappy?” (1930)
Sourcing, notes: wist.info/russell-bertrand/755…
#quote #quotes #quotation #BertrandRussell #puritanism #acquisitions #attention #desire #enjoyment #externalities #focus #happiness #life #living #selfabsorption #selfcriticism #selfdeprecation #selfloathing
One can only hope the cost-benefit study includes true costs for all alternatives. #Externalities #SF #mnleg
www.revisor.mn.gov/bills/text.p...
SF 252 as introduced - 94th Le...
@Tarnport @shonin
The "Conspicuous consumption" section was the first to grab me enough to respond. The "yuck" this inspires immediately rebounded to another understanding of why some factions of the "commuting living room" fraternity oppose cycling so much. Utility #cycling, especially #quaxing, ebiking and cargo-biking is the perfect antidote - it's "Conspicuous conservation" in the public face of those flaunting the opposite - hence bringing it into question. #eBikes in particular, because someone who can afford to buy a ready-made quality eBike or #cargoBike can also afford to buy a lane-clogging, polluting, down-market mobile living-room but chooses the bike. Running costs aside, of course. #externalities #warOnCars #overconsumption #degrowth
Unchecked growth in computer data centers for “#AI” is headed towards a tragedy of the commons scenario as they starve others who need reliable (and stable) electricity. Those who came first are bearing a cost.
Environment Minister #Tanya_Plibersek and the #ALP government approve four more #CoalMine expansions in these lands now called Australia.
They claim that as these four coal mines are (mainly) extracting #MetallurgicalCoal, that they are unavoidable and necessary, as there is not a currently viable alternative to metallurgical coal in steel-making.
But there are alternatives. They are only considered 'non-viable' because under current economic practices they are not yet as cheap as metallurgical coal. And they only seem to be more expensive than coal due to coal not having to pay its true costs. And coal doesn't have a price anywhere near reflective of its myriad actual harms (immediate and long-term, local and planetary) since the Australian government joins a globally dominant delusion that #externalities don't need to be considered when there's masses of short-term profit to be had by burning our collective future.
If the #CoalIndustry were held responsible for the toxic and climate-disrupting rubbish it dumps (for free!) into the global atmosphere, then it would rapidly become apparent that burning more coal, whether in thermal energy production or in making steel, is utterly unaffordable.
#ClimateCrisis #CoalChokesOurFuture #DirtyEnergyDirtyPolitics #Auspol
Australia leads the world in arresting climate and environment protesters
Criminalisation and Repression of Climate and Environmental Protests
"More than 20 per cent of all climate and environment protests in Australia involve arrests, which is more than three times the global average (6.3 per cent)...Australia's arrest rate was the highest of 14 countries in the global study.It's higher than policing efforts in the United Kingdom (17.2 per cent), Norway (14.5 per cent), and the United States (10 per cent)." >>
"Australia's political leaders have joined the "rapid escalation" of efforts to criminalise and repress climate and environmental protest."
https://www.abc.net.au/news/2024-12-15/australia-leads-world-in-arresting-climate-environment-activists/104721294
Study: Criminalisation and Repression of Climate and Environmental Protests, University of Bristol >>
https://bpb-eu-w2.wpmucdn.com/blogs.bristol.ac.uk/dist/f/1182/files/2024/12/Criminalisation-and-Repression-of-Climate-and-Environmental-Protests.pdf
The Global Warning Report: The Threat to Climate Defenders in Australia
"That EDO report warned of "a worrying proliferation of anti-protest legislation in Australia," The "systemic repression faced by climate activists across the country," and the "unregulated political influence of the fossil fuel industry driving that repression." >>
https://www.edo.org.au/publication/global-warning-report-the-threat-to-climate-defenders-in-australia/#:~:text=The%20Global%20Warning%20Report%3A%20The,fuel%20industry%20driving%20that%20repression.
"A 2024 position paper from the United Nations Special Rapporteur on Environmental Defenders that warned of the growing urgency of the "triple environmental crisis of pollution, biodiversity loss and climate change and the global increase in civil disobedience in environmental activism in response to those crises."
https://unece.org/sites/default/files/2024-02/UNSR_EnvDefenders_Aarhus_Position_Paper_Civil_Disobedience_EN.pdf
#HumanRights #ProtectProtest #CivilDisobedience #rights #law #HumanRights #democracy #criminalisation #Australia #FossilFuels #Indusrty #LoggingIndustry #externalities #harm #NSWLogging #biodiversity #ClimateBreakdown #EDO
Australia leads the world in arresting climate and environment protesters
Criminalisation and Repression of Climate and Environmental Protests
"More than 20 per cent of all climate and environment protests in Australia involve arrests, which is more than three times the global average (6.3 per cent)...Australia's arrest rate was the highest of 14 countries in the global study.
It's higher than policing efforts in the United Kingdom (17.2 per cent), Norway (14.5 per cent), and the United States (10 per cent)." >>
"Australia's political leaders have joined the "rapid escalation" of efforts to criminalise and repress climate and environmental protest."
https://www.abc.net.au/news/2024-12-15/australia-leads-world-in-arresting-climate-environment-activists/104721294
#HumanRights #ProtectProtest #CivilDisobedience #rights #law #HumanRights #democracy #Australia #FossilFuels #externalities #harm #NSWLogging #biodiversity #ClimateBreakdown
#externalities RT @guan: Scotland team may miss Rio Olympics in event of vote for independence http://www.theguardian.com/sport/2014/sep/06/scotland-independence-rio-olympics-sir-craig-reedie
Scotland team may miss Rio Oly...
“Not a single speaker addressed where the training data for current large language models comes from (it comes from scraping other people’s copyrighted creative works).
Not a single speaker addressed the energy requirements for current large language models (the requirements are absolutely mahoosive—not just for the training, but for each and every query).”
#ai #ux #externalities https://mastodon.social/@adactio/113412996954724395
A quotation from Arnot, William:
«
She may safely wear elegant garments, who in character and bearing is elegant without their aid. If honour be your clothing, the suit will last a life-time, but if clothing be your honour, it will soon be worn thread-bare.
»
Full quote, sourcing, notes:
https://wist.info/arnot-william/72692/
#quote #quotes #quotation #character #clothing #externalities #fashion #honor #vanity
The tyranny of automobility and sprawl
While the Bellingen /Gleniffer area is transitioning from an ‘idyllic tourist town’ into a ‘normal Aussie suburb’ (of Coffs Harbour), road congestion gets everyone stuck in traffic.
Car dependent motorists in their SUVs and bloated oversized trucks demand more and wider roads, larger car parking and a right to pothole-free roads for their 'sports utility vehicles’.
Extreme commuting for the necessaries of life are conducted in big private vehicles powered by fossil fuel. An aggregate of ugly big-box stores (large format retail, Coffs) with hostile giant car parks deliver what consumers desire. These consumption hubs are mostly inaccessible to pedestrians and can be dangerous ‘non-places’ (Marc Augé).
The mobility design of old school traffic engineers responds to the sprawling expansion with more of the same: more roads, wider roads and bypassing the last bypass. They call it ‘upgrades’.
As the latest $2.2 billion highway or forest road ‘upgrade/s’ are blasting their way through the landscape, they are silent about the ‘public bads’: the destroyed biodiversity habitat, the downgraded neighbourhoods, the violence and the polluted biosphere.
The ‘normality’ of automobility, or the 'car in the head' in petromodernity together with regulatory inertia make a transition to alternative land uses, energy systems, mobilities and ways of being a challenge.
#sprawl #suburbia #mobility #cars #roads #JevonsParadox #externalities #automobility #pollution #biodiversity #ClimateExtremes #FossilFuels #Petromodernity #GlenifferRoad #CoffsHarbour #Bellingen #SettlerSociety #liveability
Whenever I see pieces by Nnimmo Bassey go by, I know there's going to be something of importance within.
Take note of the fact that the referenced page has two tabs, a "Full Article" and a "Quick Read". If you're in a hurry, go for the latter. But the Full Article is full of useful detail.
There's lots of good information in the full article that is not commonly discussed, so I recommend that. But I'll just grab a few excerpts here that illustrate the breadth of discussion:
«The corporate extractive sector, in particular, has been looking for new territories to extract minerals such as manganese, cobalt, copper, nickel, and rare earth elements. This has become increasingly problematic due to the risks involved in resource extraction. Though the ocean may seem like an unlimited expanse that profiteers exploit purely for financial gain, it has natural limits.
“[A]lthough scientists and campaigners have been warning of the consequences of our rampant exploitation for decades, time is now running out to protect our oceans,” Hugo Tagholm, executive director of Oceana in the UK, and Callum Roberts, a professor of marine conservation at the Center for Ecology and Conservation at the University of Exeter, wrote in EuroNews in November 2023. “We like to think of our ocean as infinite, but the truth is, it cannot stand this industrial-scale exploitation.”»
and later
«When governments and corporations decide what should be done, they often ignore the people closest to the water and the fact that they know more about what is necessary to protect it. It gets more troubling when the uninhabited deep sea is discussed. For example, in Nigeria, Shell Oil is selling off its onshore oil fields and moving operations to the deep sea, where there is limited oversight on the damage being done. Even if the harm being done in the deep sea stays out of sight, its results still affect everyone onshore. This is a major reason for the concern anywhere in the world that is near the water.»
The ‘Blue Economy’ Myth: We Have to Stop Thinking the Ocean Can Be Run Like a Business
https://observatory.wiki/The_%E2%80%98Blue_Economy%E2%80%99_Myth:_We_Have_to_Stop_Thinking_Like_the_Ocean_Can_Be_Run_Like_a_Business
#BlueEconomy #OceanConservation #MarineEcosystems #ocean #fishing #mining #pollution #capitalism #extractivism #externalities #oil #OilSpills
#BlueWashing #environment
To follow up on this...
#Neoclassical #economics, jumping off from #Marx, conflated #economic #rent and #profit in order to justify this kind of behavior.
TP=NSV+ER+Ext+M
Where:
TP = Total Profit, or Neoclassical profit, or #Marxist Returns to #Capital.
NSV = Natural Surplus Value (difference between the natural price and the cost of production). This is Classical Profit.
ER = Economic Rent (surplus due to privileged control over a scarce factor of production)
Ext = #Externalities (surplus generated by offloading production costs onto others) AKA #Pollution
M = #Monopoly (surplus generated by manipulating #supply and #demand, typically through control of the #market)
Only NSV is what you would call "legitimate", as the #producer #surplus is paired with a #consumer surplus - their ratio relative to the supply curves.
Now, all the others _reduce_ the consumer surplus and are therefore #theft.
Every single #technology #company (#TechCompany) - no... every single #company #profitable enough to be widely known, and many that aren't widely known, is _only_ profitable because of theft.
What's more, every action of #tech companies this millennia (including offering services for #free) has been designed to engage in this theft.
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