Science finally catching up with what I've been raving about for years.

From the article:

"At $190 a ton, the utility industry averaged damages more than twice its profits. Materials manufacturing, energy and transportation industries all had average damages that exceeded their profits."

There is no profit when we account for negative externalities -- all of capitalism is premised on an accounting lie that doesn't work if, you know, we *actually account* for the pollution. Capitalist economics have always been premised on destroying our biosphere for free.

If you can't destroy the biosphere by using it as your own free cesspool -- you can't profit.

It's fucking physics. Balance the equations.

#climate #ClimateCrisis #Accounting #economics

https://apnews.com/article/climate-change-carbon-corporations-damage-pollution-9cb9e7c9feb2a68cb6dc0ae99c5e943a

Study reveals how much carbon damage would cost corporations if they paid for their emissions

Economists calculate that the world's corporations produce so much climate change pollution, it could eat up about 44% of their profits if they had to pay damages for what they put out.

^{SETH BORENSTEIN (AP News)}