This article is from an Argentinian-based website. It offers a concise summary of the way that the private economy that serves wealth seekers has come to dominate the regulation of the public economy by which governments serve the general good of all citizens. Private business ignores what is termed mega-externalities such as toxic effects on society and the environment. The search for profit takes precedence and government regulation is stymied by corporate influence over political systems.
third category of economica activity is described as the core economy that is essentially local and small scale. It offers employment in a way that corporate systems fail to so and also offers hope of ecological repair of the damage to ecosystems that has resulted from large-scale impact on the planet of the financial capitalist private economy that hass accelerated enormously since the 1950s.