Monday, July 6, 2015

John D. Liu's Economic Insights

The first two are from his What If We Change Documentary On Ecosystem Restoration:

"We know when we see a forest, a lake, an ocean, a natural river system, the atmosphere, that it's more valuable than computers, cars or airplanes, which are valuable for a short time, but then become trash and pollution. Natural systems are renewable, they've evolved over billions of years and they're infinitely valuable. Now the global economy values production and consumption. And although few understand it . . . speculation. This has suggested, the finite derivative shaped from the Earth's natural systems are somehow more valuable than the infinitely renewable systems themselves. This is simply wrong. We need to admit that we made this mistake. If we were to truly value natural system then nature would become the basis of our money and our economy. To protect nature then would not be a luxury but a necessity."

"For the sake of the children, and the future generations of life, we need to consciously decide to do the right thing. When we do that we will understand that wealth is coming from natural ecosystem function and this will be the basis of our money. And all human actions will go to conserving, and protecting and restoring ecological function on Earth. We need to shift societal intent away from the production and consumption and waste of the economic system as we see it now, and realize that wealth is coming from natural ecosystem function. If we run out of water, if we run out of fertile soils, if we run out of air, if we alter the climate, our money is worthless."

"The products and services that we derive from those [functional ecosystems] are derivatives. It's impossible for the derivatives to be more valuable than the source. And yet in our economy now, as it stands, the products and services have monetary values, but the source- the functional ecosystems- are zero. So this cannot be true. It, it's false. So we've created a global institution of economic, economic institutions and economic theory based on a flaw in logic. So if we carry that flaw in logic from generation to generation we compound the mistake."

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