Because Quote by Noam Chomsky
“Markets are lethal, if only because of ignoring externalities, the impacts of their transactions on the environment.”
About This Quote
Source Speech: Public Lecture on Economics, 2015
Markets ignore environmental costs, making them harmful despite efficiency.
In simple terms: Markets can damage nature when they overlook external impacts.
Key Takeaway
Account for environmental externalities.
Themes
economics
environment
externalities
policy
sustainability
Mood
analytical
concerned
Type
critical
inspirational
When to use this quote
- business strategy
- government policy
- investment decisions
- urban planning
Key Concepts
market failure
public goods
regulation
ecology
Questions to Reflect On
- How can we internalize environmental costs?
- What policies balance markets and ecology?
A Different Perspective
Ignoring externalities can be politically unpopular.
![“I wrote an article about the marine landing [in Haiti] right away, but barely mentioned the oil, because my article would come out two months later and I assumed by then, "of course, everybody knows." Nobody knew. There was a news report in the Wall Street Journal, in the petroleum journals, and…” quote by Noam Chomsky](https://sms4smile.com/quotes/img-quotes/dc5/noam-chomsky-42_articles_i-wrote-an-article-about-the-marine-land_13341.jpg)
