The socialisation of private costs under the private enterprise system causes a metabolic rift between humans and nature. Over time this rift leads to economic inequality and degradation of natural resources, though these social costs remain unaccounted for.
Links:
[1] http://admin.indiaenvironmentportal.org.in/feature-article/economic-growth-and-social-cost-need-institutional-reforms
[2] http://admin.indiaenvironmentportal.org.in/category/author/sunil-ray
[3] http://admin.indiaenvironmentportal.org.in/category/journal/economic-and-political-weekly
[4] http://admin.indiaenvironmentportal.org.in/category/thesaurus/environment
[5] http://admin.indiaenvironmentportal.org.in/category/thesaurus/emission-targets
[6] http://admin.indiaenvironmentportal.org.in/category/thesaurus/economic-development
[7] http://admin.indiaenvironmentportal.org.in/category/thesaurus/poverty
[8] http://admin.indiaenvironmentportal.org.in/category/thesaurus/developing-countries
[9] http://admin.indiaenvironmentportal.org.in/category/thesaurus/globalisation
[10] http://admin.indiaenvironmentportal.org.in/category/thesaurus/climate-change