Another example, let's take this fracking. You know where they put all high pressure water over chemicals incumbent in the ground, to cause methane, you know, gas to rise up so they can get it out easier. Well, that destroys water supplies all over the State. You know, you've now got a massive environmental crisis in Montana. These costs" you know wells are ruined, irrigation, ranching, all of those costs that are imposed by fracking on other people"are not included in the price of gas. The natural gas.
So when you have an economy that operates like that, you can't any longer claim that "we are making the best use of every resource, and getting the best value out of that resource', because the costs just simply aren't included in the process. So this is a massive failure.
And so that's one of the things, the new book discusses.
Rob Kall: Now Paul, I" I totally agree with you, and I" I've got to say that I wonder is there any nation on earth that is really contenting with this big picture ecological issue of dealing with the full costs of the environmental impact of corporations" anywhere?
Paul Craig Roberts: [interjecting] No
Rob Kall: It happens anywhere.
Paul Craig Roberts: No, they're not. And" and the economists tell them there's not really a problem because the economists assume that man-made capital is a perfect substitute for nature's capital. So they say, 'you don't have to worry if we run out of resources. We'll have created some substitute'. "You don't have to worry about"'
Rob Kall: [at same time] That's a fantasy!