Nature is a reality. Natural capital is an invention to generate more markets for capital. These inventions are not easy to create. To create them it is necessary to have laws, conventions and institutions at local, national and global levels before you can have a market. That is why they need the UN and other agreements to create the green economy. Natural capital markets are very volatile and speculative. A decline in the prospected demand can cause it to get into coma like the carbon markets in Europe. But beside the pitfalls in the reality, they are moving at local, national and regional scale as we can see in the REDD project between the State of California and Chiapas or the seven metropolitan carbon markets that China plans to build. The promise of “green economy” is to decouple growth from environmental deterioration. In reality they will just offset from the poor regions to the rich regions disrupting even more nature because capital will flow to those functions of nature that have temporary more profit and not that are more needed. The “green economy” will create a financial bubble never seen before in relation to nature. After some decades it will collapse and many capital will be burned while others will again fly to new speculative markets. “Green Economy” is not a solution for the planet but it is a good business for trillions of dollars of capital that are seeking new sectors to make profits. The other side of the “green economy” is the privatization of the material part of nature. Not the wood of the tree but the tree as such, or in other words a specific variety of tree. This is already happening through the patenting of seeds, trees, plants and different kind of life forms and the development of GMOs and synthetic biology organisms. Nothing is more valuable than life. Who creates and modifies life forms will have a monopoly of high profit.
Posted on: Wed, 14 Aug 2013 17:16:01 +0000
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