Video Selections for Global Problems and the Culture of Capitalism

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Part II. Introduction: Videos on Market Externalities

THE CORPORATION [4/23] Externalities: 4. What is an externality? Milton Friedman describes it as the effect of a transaction between two parties on a third party who is not involved in the transaction. A technical sounding term that basically means let somebody else deal with the problems the corporation creates.

2:12

Walmart: The High Price of Low Cost (movie trailer)

2:48

1 hr 38 min  
 
The Miniature Earth with Song: A quick and easy way to understand the global distribution of wealth.
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   

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Richard H. Robbins
email: richard.robbins@plattsburgh.edu