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July 31, 2013 at 1:23 pm #8367
Often, for some reason, when you want to make a simple point, before you know it it mushrooms into something much bigger. Like in this case, blasphemy
[See the full post at: Capitalism, A Norwegian Rat And Some Cockroaches]July 31, 2013 at 7:01 pm #8059AnonymousGuest
The false impression is that we can solve it by thinking about it. It is actions, not thought or belief, that really make the difference. Prior to civilization, there were natural negative feedback mechanisms that humans were engaged by, and these forced us to comply with the rule of being useful to our own future (our environment). Civilization isolated humans from those feedback mechanisms, and the solution is to recreate something inside civilization that reflects the costs of our actions to our environment (our future). So far, the myth of Perpetual Growth has dominated with the exact opposite: feedback mechanisms that are positive for growth and consumption, and its remedy is obviously Anti-growth (sales taxes). Capitalism doesn’t have to end, it has to be localized and moderated in the right direction so that it becomes a rare luxury that can occur only after all natural obligations are met. Too much of the discussion implies that people act destructively because they think about it, but more and more scientific research only shows that people act out of habit and emotion, not conscious decision beyond the moment, and that our decisions are made with false assumptions about our own future desires. In other words, we are enslaved to our emotions and habits, and believing we are not is one more tool in the pocket of profiteers (environment extractors).
Capitalism self-destructs when children are born into it as consumers, not when the money runs out. When our children are born into generosity, their culture will have a chance. Whether that means post-apocalypse or controlled descent is a matter of luck and Chaos theory (if we can start a small ball rolling), I guess.July 31, 2013 at 8:07 pm #8060
Capitalism self-destructs when children are born into it as consumers, not when the money runs out.
Eh, sorry, no. Capitalism self-destructs when growth runs out. And since growth is its most essential element, there’s nothing about it than can be tweaked to localize or moderate it sufficiently.July 31, 2013 at 9:40 pm #8061ProfessorlocknloadParticipant
Eh, sorry, no. Capitalism self-destructs when growth runs out.
Corporatism and Finance Ponzi schemes self-destruct when growth runs out. Capitalism would adjust for limits to growth, if it was allowed to be practiced.August 1, 2013 at 1:21 am #8062davefairtexParticipant
Capitalism self-destructs when growth runs out? Why is it we say that again?
I get that our current monetary system will self-destruct when growth runs out, but our current monetary system isn’t a required part of capitalism.
Society will always have capital. It will always need to be allocated. Currently we have crony capitalism and its doing it poorly, various flavors of cartel capitalism, dictator-state-ism, colonialism and marxism give it a try. Growth or no growth, the problem of capital allocation will remain. It does seem that decentralizing the process is useful, as is a system that rewards proper allocation and punishes capital misallocation, regardless of whether or not we have growth in the total capital available to the system as a whole.
I think modern systems suffer partly from issues driven by inherently sociopathic structures, combined with sociopathic individuals (possibly not an accident – maybe the latter constructed the former) resulting in some unpleasant outcomes. Better structures, better people – perhaps better outcomes?
Perhaps increased enlightenment is a requirement to construct a better world.
Just some thoughts. The rest of it all made sense.August 1, 2013 at 3:13 am #8064
Gravity is a limited liability algorithm.August 1, 2013 at 6:42 am #8065rcg1950Member
Very fine essay. But I do take exception to your labeling the ‘work’ of evolution as often ending up as you put it “in a multi-billion years’ series of billions of failed species.” If anything is to be taken away from much of what is said on this sight and others like it, it is that finitude is the way of the world, infinite anything is the enemy. Immortality, be it of an individual, a nation, a civilization, a species, a solar system (and speculating, perhaps even a universe!) is not the way of the world. We all drink from the well and move on to leave room for our successors to enjoy or suffer their turn in the great wheel of life. The passing away of a generation is the necessary condition for exhuberant life to express itself in newness and freedom in the future. So, I contend, extinct species were not failures … they had their turn, participated in the life of the universe, and gave way to what came next. That said, I certainly hope humanity get’s more time to develop it’s unique way of being — though hopefully not at the terrible cost it is currently inflicting on all the other forms of life on our planet.
There’s an excellent series that takes this sort of view Living Nature view of things by a German by the name of Andreas Weber. Well worth reading. (via Resiliance and Shareable: [ https://www.shareable.net/blog/enlivenment-towards-a-fundamental-shift-in-the-concepts-of-nature-culture-and-politics-chapter- ]August 1, 2013 at 10:38 am #8066
In my travels around the Internet, I am always amazed by the amount of people who say, “Don’t worry, technology will take care of it,” or “Don’t worry, in future we’ll get our resources from somewhere out in space.” Aaaaah! Nice if it works, but I wouldn’t bank on it. Yet these people DO bank on it. In their minds, it’s not something to worry about – at all.
William Ophuls says that just as matter and energy are governed by entropy, he suggests that there is a moral entropy. He also says that humans have not evolved much past hunter-gatherers, are present-oriented (“present-value” is what matters, the now) and we neglect or devalue the future. “Human beings are barely evolved primates driven by greed, fear, and other powerful emotions.”
He quotes Edmund Burke: “History consists, for the greater part, of the miseries brought upon the world by pride, ambition, avarice, revenge, lust, sedition, hypocrisy, ungoverned zeal, and all the train of disorderly appetite.”
He sees modern civilization as doomed, drowned in its own hubris.August 1, 2013 at 10:41 am #8067
“Wise men say, and not without reason, that whoever wishes to foresee the future must consult the past; for human events ever resemble those of preceding times. This arises from the fact that they are produced by men who ever have been, and ever will be, animated by the same passions, and thus they necessarily have the same results.”August 1, 2013 at 10:55 am #8068
You’re right of course on many counts, but something can be said for more successful species in evolution living longer. From memory, the croc and turtle families have what, 300 million years, while we’re at 100,0000? Not that there’s anything wrong with approaching and defining what success consists of from a more philosophical angle, but most evolutionary accidents don’t have long lives on the grand scale of things, while the better adapted – even if purely accidental – survive.August 1, 2013 at 11:36 am #8069
davefairtex – “Perhaps increased enlightenment is a requirement to construct a better world.”
You’re right, but how do you get that? I don’t think you can reach out and grab “enlightenment” or capture its essence by reading about it. It’s got to come from within, and in order to REALLY change your thinking or ways of doing things, it usually takes suffering. Suffering is what etches “enlightenment” into the mind.
If you don’t suffer, and life begins to get better (another crisis is papered over and “growth” continues unabated), you never reach the point of actually seeing or knowing in your gut why things have to change. You don’t get your head up above the water.
Of course, there are many who do not want the masses to be enlightened, as that could seriously cramp the lifestyle of the rich and famous and change the power structure.
The only thing that will wake up the masses is a complete breakdown. Paradoxically, that’s about the only thing that might save them, their children, and this planet.August 1, 2013 at 2:58 pm #8070
We’re saved – growth will resume. So says Krugman: “Yes, I think there’s a pretty decent chance that we’ll actually be seeing another wave of technological improvement, that growth will resume. There is a question about whether workers will share in that growth, but that’s a different story.”
Workerless growth. Lovely. How do unemployed workers buy driverless cars? Perhaps the cars come equipped with printing presses.August 1, 2013 at 3:26 pm #8071Golden OxenParticipant
It is mankind and it’s moral compass that is the problem, not one of the many economic systems he may function under. Greed and destruction were around long before capitalism.August 1, 2013 at 4:06 pm #8072NassimParticipant
One example is their impact on education in America. With their focus on measurable results, Gates and his fellow education-focused billionaires have spearheaded a data-driven revolution. The first step was to put tests at the center of education, so that the output – student learning – could be measured.
I find this statement quite objectionable. It seems to me that they think that what cannot be measured is of no value or utility. How exactly do you measure a person’s understanding of something like Machiavelli’s Prince?
I think kids should be encouraged to be often bored and adults should not try to provide “activity” of “entertainment” to kids just because they look bored. It is only when one is bored that one becomes thoughtful and creative. A kid who is constantly stimulated by an iPhone of similar is unlikely to ever come up with a new tune.
IMHO if the Beatles had access to a fraction of the entertainment modern kids get, they would never have been so creative. Am I the only one who is amazed to see all these kids listening to stuff that came out when I was a teenager? We used to laugh at our contemporaries if they played stuff that was a few months old, because fresh stuff was coming to take its place all the time.August 1, 2013 at 5:23 pm #8073
But that was not my point. I wanted to address a different fallacy: that of trying to put dollar values on – sections of – our destruction of the world we inhabit. Capitalism tends to express everything in dollars, and that’s where it fails: it has no other values, and therefore might as well have none. If we convince ourselves to believe that the demise of the polar bear or the bumble bee or, for that matter, half the population of Bangla Desh, can be expressed in numbers or dollars, we lose all hope of understanding the issues involved, let alone doing anything to counter them.
It’s hard to believe people allow their minds to go there (and still claim they love their children).
Actually I would argue that they don’t love their children, or rather they do not know what love is, its not in their value system. Its an insane society that has ‘pissed’ on the childrens fire:
As I’ve commented before, if your value system is corrupted, or worse still is non-existent, then how can you know, ever, what you are doing? Whether it is right or wrong? Many do not know, this is why they do not know what they are doing. What do you value? What has Real Value and not just a price? People horde money and material possessions thinking they have value. This happens because they do not know what they are doing. They allow over a thousand people, half of whom were women and also many children to die in a building collapse in April earlier this year (2013) at Dhaka, a suburb of Savar in Bangladesh to save a few pennies on clothes. Do you think that would happen if they knew what they were doing?
Most people today are mad; they have the wrong set of values and insanely cling to them – status, power, control and wealth. These are not true values, these are objects of desire and greed. True values are about caring; they are about Love, Compassion, Beauty and Truth. And you cannot charge for them because they are free.
Then again, I don’t agree with Doug Tompkins that we have stopped evolution. Evolution, which is another word for life itself, is a force much grander than mankind. We are but an afterthought in the scheme of evolution. And if we don’t fit that scheme, we will end up as just another one in a multi-billion years’ series of billions of failed species. If we wish for our progeny to survive, we need to focus our efforts on understanding, not ignoring it. We are not bigger than life itself. At least that we should be able to agree on.
I agree, though I question the term failed species – failed in what way, by whose criteria? Ours? Evolution itself is another theory, co-opted by the same forces to support their dogma of selfish competition. Darwin agreed with Wallace that the term survival of the fittest was better than selection due to its less anthropomorphic connotations, but they meant by this an adaptation to immediate local environment in what one would now term symbiosis, not a total domination over the whole planet with a view to using it as it pleases which is the current societies ‘ism’. :dry:
Sid.August 1, 2013 at 7:07 pm #8074
I find this statement quite objectionable. It seems to me that they think that what cannot be measured is of no value or utility.
Nassim, that’s my point exactly. Bill Gates wants to clone himself in American classrooms, since he sees himself, consciously or not, as the alpha male. No, he really does. Just look at the feathers waving from his asscrack.
So, let’s take an example: how much fun does Bill have in his life? Well, you can’t really measure fun, so Bill doesn’t care. He thinks he has lots, but compared to who? What he does know about fun is only his own experience, which no matter how you look at it, is limited. Does that make fun some sort of side issue? No. It’s just hard to measure.
F**ing bleeping videotaping teachers to see if they do well? Do what well? Raising kids to be like Gates? Might as well turn ’em over to Catholic priests.
Now we need to wonder what the difference is between raising kids to Gates’ standards, and raising them to be the next Mark Twain, Walt Whitman, Rembrandt. Who the f**ing bleeping frozen-over-hell is Bill Gates to decide that? From my point of view, he seems to have very little, if any, affinity with how Samuel Langhorne Clemens became Mark Twain, so maybe the very last person on the planet we should want to have any influence on US education is Bill Gates. Looking at the world today, I’m pretty confident that one single Mark Twain would do us a lot more good than 1000 Bill Gates the Second’s.
The only things that make life worth while are the ones you can NOT measure. That’s the secret, that’s the whole idea: love, sorrow, a just plain happy moment, music that brings back a memory of a long lost loved one, a sunset that evokes eternity.
For that matter, Twain might have been talking about Gates when he said:
To succeed in life, you need two things: ignorance and confidence.August 1, 2013 at 8:34 pm #8075jalParticipant
Our ideas will outlive us.
Yves, at naked capitalism, has posted this blog and there is a discussion that some of you might want to follow.August 2, 2013 at 1:14 am #8076Variable81Participant
“The only things that make life worth while are the ones you can NOT measure”
Everything is measurable Ilargi. Maybe not in dollar terms, which is what you’re rallying against, but perhaps in terms of preference or personal value. Any experience I ever had (love, sorrow, a plain happy moment) can be compared to another one, and thus I can place “value” on it by determining which I appreciated more and/or wanted more of.
Also, “dollarizing” something isn’t necessarily a sign of lack of values or moral bankruptcy, it is just a manner in which some choose to measure their personal beliefs in a way others might be able to relate to.
Example – I “dollarize” my decisions and come to the conclusion that murdering another individual would be at a cost of $1,000,000 (a sum I’m likely never to see; though if I really wanted to be one of those people who thinks they would never commit murder, I could just make the cost some ridiculous number like $100 trillion) due to the horrible impact to society and the psychological impact it would have on me. Then along comes Joe Blow who doesn’t think of things in terms of dollars, but has no problem ending a life the minute that person inconveniences him.
Which of us is morally bankrupt? The one that has used a construct (dollars or otherwise) to measure their own morality and discover what they truly value, or the person who has no measurement system in place yet seems to have no qualms with doing what others would find morally reprehensible?
I’d have to think that Joe Blow is more morally bankrupt than I am; he is just less aware of how little value he places on the act of murder in comparison to me.
Also, people who cannot place value on things (i.e. their children, the environment, a honey bee, etc.) strike me as inflexible individuals – there may be a time when a choice has to be made, as undesirable as it may be, between two horrible outcomes. I’d like to see how those who cannot place value on things would react, as I think they’d quickly figure out a construct which would allow them to weigh out those two choices based on their values.
I’m also reminded of Bartlett’s exponential growth video I just re-watched the other day…
“…democracy cannot survive overpopulation;
Human dignity cannot survive [overpopulation];
Convenience and decency cannot survive [overpopulation];
As you put more and more people into the world,
The value of life not only declines, it disappears.
It doesn’t matter if someone dies,
The more people there are, the less one individual matters.”
So is Asimov morally bankrupt, or just realistic?
Maybe I’m wrong, but feel like you’re barking up the wrong tree on this on Ilargi – hoping this piece was not just a vehicle used to rage all over Gates and his like? Certainly the world seems more and more immoral these days, and I wish that would change (for the better)… but measuring ones values, to me, doesn’t seem like the cause of our immorality. In fact, it seems like a way to measure just how immoral we really are.
Also, consider that putting dollar values on the destruction of the environment may actually grab people’s attention and make them realize what they otherwise would not as they drift though the world as Sleepers, further contributing to the tragedy of the commons. If that were to hold true, than I’d think encouraging people to think about their morality/values and how they assign cost would be a good thing…
VariableAugust 2, 2013 at 1:55 am #8077
“Not everything that counts can be counted, and not everything that can be counted counts.”
How do you measure the teacher or the parent who produces a child with a “C” in math, but who goes on to lovingly hold your mother’s hand while she takes her last breath? How do you measure this, as a failure? If so, we have our values totally twisted.
“Try not to become a man of success but rather to become a man of value.”
“Whoever undertakes to set himself up as judge in the field of truth and knowledge is shipwrecked by the laughter of the Gods.”
“The intuitive mind is a sacred gift and the rational mind is a faithful servant. We have created a society that honours the servant and has forgotten the gift.”
“Everyone is a genius. But if you judge a fish by its ability to climb a tree, it will live its whole life believing that it is stupid.”
“Intellectuals solve problems, geniuses prevent them.”
“Imagination is more important than knowledge.”
How does one measure “imagination” or “intuition” or “creativity” or “curiosity”? Can these things even be taught?August 2, 2013 at 4:32 pm #8078NassimParticipant
“Everything is measurable Ilargi.”
Not via multiple-choice questions. We were talking about education here. 🙂August 2, 2013 at 5:14 pm #8079
Interesting ‘antidote’ to ‘isms’:
Oh and for those who cite Hardin (‘Tragedy of the Commons’):
Briefly, in five short pages, Hardin (1) erected a conjectural house of cards upon small, scenic, sandy patches of theoretical shoreline which have long-since subsisted into the sea (8). This creates a special problem for those who have cited and continue to cite ‘Hardin 1968’ without considering the wide array of grave, logical implications this misattribution freights.
Neo-liberal ideology is a symptom not the cause of our broken relationship with that ‘thing’ we call nature, our True Mother, the origin of us and all we see about us. :dry:
Sid.August 2, 2013 at 6:13 pm #8080
Bill Gates ‘Education Model’ aka [strike]Microsoft[/strike] Microschool:
You ‘buy’ some education.
You don’t own it.
You can ‘use’ it , but only in ways that we say you can.
You cannot modify it.
We will upgrade it for free, but it might not work after we have patched it.
After a few years, we will make it obsolete, so you will have to buy some new education and learn to do the same sh*t a different way.
We believe in education for life (as long as you pay and you do not VIOLATE our EULA (Education Under Large Asshole?) BTW, MS patents apply, copyright and trademarked – we own this sh*t ok?)
If you try to do your own thing, we will find you and shut you down, unless you agree to do it OUR WAY with OUR School Ware!
“IMPORTANT—READ CAREFULLY: This End-User License Agreement (“EULA”) is a legal agreement … addendum to this EULA may accompany the [strike]Software[/strike] School Ware.”
Microschool – Where Don’t We Want You To Go Today?
Sid.August 2, 2013 at 7:46 pm #8081
Nice quotes, BE, but on this topic I think Groucho does you one better:
Well, Art is Art, isn’t it? Still, on the other hand, water is water. And east is east and west is west and if you take cranberries and stew them like applesauce they taste much more like prunes than rhubarb does. Now you tell me what you know.
Just to say that no, I don’t think everything is measurable; I think that’s a very silly concept. Even as I admit that may be because I feel no need to measure everything. I feel much closer to Thoreau’s bewildered admiration for what he saw every time he woke up.
We can’t understand life, and we can’t measure it, or even catch it in words; the best we can do is to stand in awe and be grateful that we get to see it unfold in motion for the few short years we are given.August 2, 2013 at 8:27 pm #8082
We can’t understand life, and we can’t measure it, or even catch it in words; the best we can do is to stand in awe and be grateful that we get to see it unfold in motion for the few short years we are given.
Indeed, compared to this from Cyberselfish by Paulina Borsook:
The most virulent form of philosophical technolibertarianism is a kind of scary, psychologically brittle, prepolitical autism. It bespeaks a lack of human connection and a discomfort with the core of what many of us consider it means to be human. It’s an inability to reconcile the demands of being individual with the demands of participating in society, which coincides beautifully with a preference for, and glorification of, being the solo commander of one’s computer in lieu of any other economically viable behavior. Computers are so much more rule-based, controllable, fixable, and comprehensible than any human will ever be.
Sid.August 2, 2013 at 10:43 pm #8083AnonymousGuest
“Everything is measurable”
Maybe, but not everything is comparable which is an important distinction. I can compare how much how much I like one peach versus another peach and maybe I can compare how much I like Vivaldi versus Mozart but I have hard time comparing a peach and Mozart. This is a well known concept in measure theory where objects are placed in lattices. Everything in a lattice is measurable but two items might not be comparable. The monetizing of things nonetheless attempts to do this. The peach may cost me a dollar and the Mozart CD 10 dollars so Mozart is better than a peach but not as good as 11 peaches.August 3, 2013 at 3:56 am #8084
Comparative valuation of goods and services via the pricing mechanism provides a fair measure of average utility in a translucent market fluid under optimal equity impedance.
Even in an ideal free market, price has deficient philosophical truth-value, but its not entirely untruthful either. When a tradeable thing has multivariate value and multiple discounting vectors because of relativity of equity, the compression of all possible utility functions into a singular price point does detract from absolute truth, but this affords easy comparison with other truncated utility functions experienced by market multitude as the average truth of price.
Price makes it possible to compare the relative value of things based on marketable information about average truth, at the cost of discounting non-marketable information about absolute truth.
The iPad mini is currently on sale here for €300, but this price was heavily subsidised by chinese slave labor, so its not really an equitable product of a free market. If consumers had accurate information about this slavery subsidy lowering the price of the product, demand would surely suffer from moral revulsion. But producing them under humane conditions with decent wages for the factory workers would also increase price and thus lower demand, although the absense of moral revulsion about their assembly could induce higher demand further on, if such information was known to caring consumers.
In addition, the costs of waste and pollution byproducts have been fully externalised into the chinese commons, and are not expressed in the price, but such hidden costs are eventually expressed elsewhere.
Gravity is an annual algorithm.August 5, 2013 at 8:40 pm #8085FrankRichardsParticipant
Whether or not everything is measurable, videotaping a teacher so that he or she can watch the video and figure out how to teach better is a good and useful idea.
I hope Stoneleigh watches her own videos every so often, to help improve her presentations.August 5, 2013 at 9:09 pm #8086Tahoe58Member
All growth has limitations. Nature uses a variety of redundancy, resiliency, and replacement to manage life events. Capitalism uses leverage. Productivity in nature under a leverage scenario generally leads to chaotic events. “Let Nature be your Teacher” William Wordsworth.August 5, 2013 at 10:16 pm #8087
Whether or not everything is measurable, videotaping a teacher so that he or she can watch the video and figure out how to teach better is a good and useful idea.
Depends on what anyone thinks good or better teaching is. I know what it is in Texas, for instance, but in other places, it seems to be up for grabs.
If it means kids have to learn to think like Bill Gates, I don’t agree at all, for one thing, but there’s a world full of Americans out there who see that as teaching nirvana. I’d say teach ’em to think like Thoreau, Twain, Whitman, Gandhi, ML King, but you just try and find a parent or a school board who will support that. Teaching better is so subjective it has no objective meaning. And then where do you go from there?August 9, 2013 at 2:14 am #8106AnonymousGuest
First, evolution is a numbers game. It’s impossible to predict when nature will hit you with the next Ghengis Khan or black plague, so each organism’s best chance of survival is to have as many offspring as practical.
Second, this creates a classic prisoner’s dilemma. Everyone would be better off if we maintained a stable population near our environment’s carrying capacity, but almost everyone’s reproductive choices are driven by the many-offspring strategy that is hardwired into us. A tendency to reproduce to excess is shared by all earthly life, and is likely to be shared by any aliens that may have evolved elsewhere.
Third, technology isn’t the problem. The Maya destroyed their environment with fairly primitive technology. Capitalism also isn’t the problem, as demonstrated by the environmental catastrophes that dot the former Soviet Union. The problem is intrinsic to the nature of life.August 9, 2013 at 4:30 am #8108
With certain species the genetic strategy of overbreeding is employed more under resource scarcity than abundance. The cause of incidental human overpopulation is poverty, since only poverty renders overpopulation quantifiable. Poverty is the worst form of structural violence in society.
Life has two aspects; a real aspect defined by energy, being measurable, and an imaginary aspect defined by the idea of energy, being unmeasurable. Whereas the existence of all substance is defined by boundaries, life is a sacred substance defined only by temporary boundaries.
Energy is a transient form of life, all energy is imaginary.August 9, 2013 at 6:09 am #8111SupergravityParticipant
I recently experienced a philosophical episode resolving the boundaries of existence, and there are none. All things exist potentially, those few things which exist actually only constitute a temporary reality, and these named components of reality only have substance in a gravitational field which is partially imaginary. Being a recursive algorithm, the logic of life necessarily extends beyond this material universe.
In this universe, there is no sufficient reason why energy exists analytically, but some say energy is a good idea as dialectic novelty, while others disagree, concerning the equity of mortality.
Physically, there remain substantial boundaries to gravitonomic energy and resource usage, depending on the instrumental parameters for growth and prosperity, much potential prosperity has been misallocated into unproductive works via additive misvaluation. But capitalism is surely not the only system to misvalue life itself, the enterprise of war is the greatest waste of life historically, and war predates capitalism as an economic system.
Life is the ultimate resource involving the production of a self-consuming commodity.August 9, 2013 at 2:06 pm #8113AndrewPMember
Growth can continue for a very long time if we can expand into the galaxy. Then the rate of growth is only limited by transport speed.August 12, 2013 at 3:53 pm #8132m111arkMember
Only one quibble with your article – but a major one… may make you reassess your thoughts about evolution.
As odd as it may seem to you, we, the humans, are the purpose of all evolution. The earth as it evolves is for us. The evolution of the plant and animal species is to result in us. And while we may effect our world, we are not the final cause of what may occur. A little more humble, please.August 12, 2013 at 8:15 pm #8135cheltmanMember
An excellent essay. You’ve expressed very well the uneasiness I’ve felt by valuing nature by its ‘dollar’ value. I have occasionally been quite convinced by this, by the likes of Tony Juniper (ex Friends of the Earth director) who strongly argues we haven’t do so well in protecting the environment so far – v. true. (doesn’t mean this new approach will work!)
There are many problems with this approach, one being that it greatly narrows the debate, it might restrict is to an argument about what the price is. But mostly its an admission of defeat, if you wont play my game then I’ll join yours (mainstream economics) but then the environment is ripe to be stripped bare.
We end up with simple cost analysis (which economists love). Is the economic benefit of destroying the environment more than its price? If so, says mainstream economics then we must destroy it – it is efficient to do so they say. Never mind that this 1-dimensional analysis misses out all other aspects, and that the price could be way off the mark, even if you could price nature – which is a nonsense.
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