1 Comment

Yes, the first three items are massive industrial projects, and the fourth impinges on Indigenous rights and territories. It is difficult to see how a financial project, or deemed financialization of natural areas can make any normal economic sense, in relation to a stream of dividend income or appreciation of so-called “assets” value. People wish to include costs of “externalized” costs, the value of “environmental services” to the economy, but those schemes do fall flat on their face since the value of trees as living entities, for example, is a public good, an inherent property of the commons (of all life) and is impossible to convert to a dollar value, especially without considering what is your currency peg. In fact, all life is the underlying peg of all currencies, yet it cannot be bought or sold or exchanged. It is far better that all “fingerprints” of money are barred from ecosystems such as the Amazon, including all extraction, taxation and so-called “investment.” Devastation follows money being poured out on the land.

Expand full comment