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Notes -
Ok. If you are specifically talking about the people who rule nations, I can agree with you that cost externalization is rampant on the basis of the many nations that have been financially ruined by their wealth-extracting elites.
However, there are whole categories of private proprietors whose business models are explicitly extractive. Notice how most of the pre-Covid profit of large corporations was due to "financialization," which translates to roughly "taking out low-interest loans on our assets, guaranteeing short-term profits." You may also notice how most private equity deals are structured to merely externalize long-term costs onto subsidiaries (and other investors) while extracting short-term profits, or how whole sectors of the economy will lobby for special protection. What is a farm/CHIPS subsidy, if not externalizing the cost of business?
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