Great article, thanks! Yet, even with all this baggage, the same type of offsetting scheme is being applied to most other aspects of Nature, such as biodiversity, ocean fertilization, etc. Yet, the financiers manage to overlook these failures and go right ahead employing the same trick over and over. And these schemes convert Nature into a market-tradable debt obligation (financial markets only trade in debt). To make matters even worse, the property side of the asset coin convinces the Rich that the whole "underdeveloped" world is property they can steal by way of these forms of colonial trickery, and use in their own market schemes.
Great article, thanks! Yet, even with all this baggage, the same type of offsetting scheme is being applied to most other aspects of Nature, such as biodiversity, ocean fertilization, etc. Yet, the financiers manage to overlook these failures and go right ahead employing the same trick over and over. And these schemes convert Nature into a market-tradable debt obligation (financial markets only trade in debt). To make matters even worse, the property side of the asset coin convinces the Rich that the whole "underdeveloped" world is property they can steal by way of these forms of colonial trickery, and use in their own market schemes.