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Podcast: Mongabay Newscast
Episode: Indigenous economics offers alternative to Wall Street's financialization of nature
Description: Putting a dollar amount on a single species, or entire ecosystems, is a contentious idea, but in 2023, the New York Stock Exchange proposed a new nature-based asset class which put a price tag on global nature of 5,000 trillion U.S. dollars. This financialization of nature comes with perverse incentives and fails to recognize the intrinsic value contained in biodiversity and all the benefits it provides for humans, argues Indigenous economist Rebecca Adamson, on this episode. Instead, she suggests basing economies on principles contained in Indigenous economics. "The most simple thing would be to f...