The Politics of Scarcity and the Financialization of Nature
AUDIO: When public policy is used to make the foundations of economic health – energy and water – scarce and expensive, financial special interests profit. Now we are seeing the financialization of nature, whereby “ecosystem services” become a new asset class complete with stock issuances and shareholders. This new scheme for capital formation will accelerate the consolidation of ownership and control of vast rural areas – Edward Ring with Barry Fisher on KPRL Radio Paso Robles (Ring’s segment starts at 35:10).
Edward Ring is a contributing editor and senior fellow with the California Policy Center, which he co-founded in 2013 and served as its first president. He is also a senior fellow with the Center for American Greatness, and a regular contributor to the California Globe. His work has appeared in the Los Angeles Times, the Wall Street Journal, the Economist, Forbes, and other media outlets.
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