What’s Nature’s Economic Value?

(Full video: http://fora.tv/2010/08/03/Pavan_Sukhdev_What_Is_the_World_Worth)

I wish more people understood this very basic view of nature and the biosphere that supports all life and all civilization.

Species are going extinct and ecosystems are being destroyed at fast rates. I’ve looked at the data before and it’s impossible to really comprehend. There is nothing more important than the biosphere and yet there is nothing that humans treat so badly. People tend to only look at nature in terms of the worth that can be gained by destroying it, but few consider the worth of not destroying nature.

If we don’t collectively start acting according to the precautionary principle, we will inevitably destroy ourselves and possibly most of the biosphere as well. This isn’t an exaggeration. It’s hard to comprehend and most people would rather ignore the problem in hopes it will go away, but sadly reality doesn’t conform to our wishes.

There are still large numbers of people denying man-made global warming despite all the scientific research and despite the consensus of scientists and scientific organizations around the world. When ever I see someone denying the most basic facts of science, I just want to punch them in the face. I don’t get it. Will the average person only wake up when we’re on the brink of extinction? We really need to improve science education in this country and around the world. The only problem bigger than mass destruction of nature is the mass ignorance of the average person.

The following is a good analysis of the failure of ‘free market’ advocates to truly understand the problems of how external costs get placed upon third parties (in terms of our present corporatist/fascist/inverted-totalitarian system, this means pviatized profits and socialized costs).

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