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Sat Aug 3, 2013, 11:00 AM

Capitalism, A Norwegian Rat And Some Cockroaches

Often, for some reason, when you want to make a simple point, before you know it it mushrooms into something much bigger. Like in this case, blasphemy. All I started out with was the notion that if we put a dollar value on something like an Arctic melt, or the extinction of species, we are making fundamental mistakes. Which invariably show in the way we reach the conclusions, presented as "scientific", that make us put such values on potential or already final events.

It may be getting increasingly hard to accept in our present worldview, but it's still true that not everything can be expressed in dollar terms. We may still find this to be obvious when we talk about losing our loved ones, our children, but other than that, there are hardly any questions raised when some individual or institution reports a $100 billion price tag for the loss of the bumble bee, or, the example that led me here, that a sudden Arctic "methane belch" could cost $60 trillion.

These reports come with such regularity these days that we have come to see them as normal. In reality what they depict is our loss of values, and a tendency towards moral bankruptcy. The problem in all this is that as long as we keep expressing the damage done by climate change, pollution or extinction in dollar terms, we have no chance of turning any of it around. Putting a dollar value on our very own destruction of our very own and sole habitat (which we share with all other species) carries with it an unspoken suggestion that there also must be a dollar value price tag we can put on halting the destruction, as well as undoing and repairing it. Which is, just like the original claim that an arctic melt would cost $60 trillion, the peak of absurdity.

But still, for 99% of people who read a headline with such numbers, their first reaction will be: that's a lot of money. If you are one of those people, you have some thinking to do. It makes no difference whatsoever what the financial cost is of an animal going extinct, or half the arctic melting. The fact that we increasingly tend to describe destruction in monetary terms is precisely why it will continue, since if a dollar value is all you have left, you might as well have no values.

- See more at: http://theautomaticearth.com/Finance/capitalism-a-norwegian-rat-and-some-cockroaches.html#sthash.X2zlFaiJ.dpuf

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