"The hypermarketization of everything", Quinn Slobodian, 2025
Bean counters are attempting to put a monetary value on the complexity of nature
Think of a logged forest.
"The value of the timber produced counts towards Australia’s gross domestic product. But cutting trees down also produces a loss. For example, the forest is no longer there for the community to enjoy. And it no longer provides “services” such as filtering water and preventing soil erosion."
"There are many reasons to measure the value of those services. For example, governments might then be able to charge a logging company a licence fee which reflects the community value of the forest. A government may decide the forest is too valuable to allow logging at all, or the fee may just be set too high for any company to find it profitable to log it."
"To date, the value lost when trees are cut down, or other ecosystems are damaged, has not been included in the national accounts. The new environmental accounts seek to change this."
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https://theconversation.com/new-report-slaps-an-official-price-tag-on-australias-precious-natural-assets-250623
Hayek's Bastards: Race, Gold, IQ, and the Capitalism of the Far Right
How neoliberals turned to nature to defend inequality after the end of the Cold War,
Quinn Slobodian, 2025 >>
https://press.princeton.edu/books/hardcover/9781890951917/hayeks-bastards
#nature #Biodiversity #EPBCAct #NatureNegative #Naturepositive #complexity #ecosystems #degradation #value #loss #NativeForests #extractivism #hypermarketization