Capitalism's Fatal Flaw, and the Way Forward: The Urgency of ‘Citizen Externality Equity’.

Thursday, April 21, 2022

The Urgency of ‘Citizen Externality Equity’.

The Urgency of ‘Citizen Externality Equity’.

Dear Reader,

Capitalism’s “externalities” can be deadly, whether private/joint-stock capital, or, as in this case, state capital, is the source of the accumulated, unpaid “external costs”, or, in this case, of “external costs” paid by children, at the price of their deaths.

Aberfan, South Wales, U.K., circa 1966 –

Killed were 144 human beings total, 116 of them children, due to neglect of the rule of law by the state-capitalist “National Coal Board” of the U.K.

The “National Coal Board” failed to enforce regulations.

The Aberfan town’s coal waste “tip” was allowed, by the Coal Board, to exceed its regulatory height maximum limit of 20 ft., reaching five times that “maximum allowable” height, until, in rainy weather, that coal waste “tip” collapsed, in a gigantic sink hole propagation.

Thereby, liquified coal waste was sent surging down into the midst of the town of Aberfan, especially into an elementary school there, full of children.

Queen Ubu never showed up to comfort the grieving town of survivors.

This kind of catastrophe continues to happen, globally, to this very day, and with rising frequency.

Regards,

Miguel