Perils of Putting a Price on Nature
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If we put a price tag on nature’s many services, would it force us to realize the value of biodiversity and the real cost of the things we buy? Would it help stem our over-consumption and waste?
This was a major – albeit under-reported – issue that was discussed at the Rio+20 conference in June. Many argue that we must commodify nature in order to save the planet, but award-winning British journalist and writer George Monbiot issues a well articulated warning against this line of thinking. Definitely worth reading! Let us know what you think with a comment below.
Further Reading
This “financialization” of almost everything is an emerging international topic. It’s the subject of a provocative new book by Michael Sandel, a Harvard professor and leading American public intellectual. In What Money Can’t Buy: The Moral Limits of Markets, Sandel says,
“The question of markets is really a question about how we want to live together. Do we want a society where everything is up for sale? Or are there certain moral and civic goods that markets do not honour and money cannot buy?”
. Here’s an informative book review.
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