7.1.18 (HL)—Short-term economic interests

Short-term profit can shift environmental costs into the future or onto other people.

Trace stock depletion, pollution and delayed repair to see who pays later.

Overpumping raises this season’s income but leaves a saline aquifer and higher future costs.

What is missing from the profit figure? external and delayed costs.

Profit is not the same as net social benefit.