Transcript:
And an externality is something. It was actually an invented term in the late 1800s that was made famous in the 1920s by a economist. And it’s defined as an unknown or unexpected consequence that someone else is having that they weren’t expecting because of your actions.
You know, a good example is we had PCBs. I don’t even know what we use them for in industry, but we decided, hey, let’s just throw them in the river when we’re done.
And we had an unintended consequence that we almost wiped out the Raptor population, at least in the United States and Canada, you know?
