Posted by: r.m. | October 12, 2008

let’s talk money

So, newspapers around the world are writing about The Financial Crisis. The IMF is broadcasting that it is ready (bless its heart) to help developing countries in this time of The Financial Crisis.

Let’s put this crisis in context.

The global economy is losing more money from the disappearance of forests than through the current banking crisis, according to an EU-commissioned study. It puts the annual cost of forest loss at between $2 trillion and $5 trillion. The figure comes from adding the value of the various services that forests perform, such as providing clean water and absorbing carbon dioxide.”


Responses

  1. I think this shows a positive point: people are starting to really care. But the downside is that it’s all about money. If it hadn’t been calculated that we, humans, are losing so much money because of the disappearance of forests, we wouldn’t really care about saving our environment. But if this is what it takes for politicians,nations, and businesses to wake up then I say go for it.

  2. We might be loosing a lot of money by destroying our natural environments; but few are affected directly and see their fortunes evaporating as it is the case in Wall Street. And here comes all the difficulty in relating financial issues to environmental ones.

    After all, this is understandable. People are so shortsighted that if they cannot see the sunlight, there is no way they can see the light of a candle.
    In other words, if the urgent necessity of protecting the environment is still a subject of controversies and endless debates, the indirect and long-term link between ecology and lucrative thinking is definitely not going to entice influential people.

  3. “Economy rules the world”, anything that threatens economy is considered as extremely dangerous.

    Unfortunately, the problem of biodiversity loss has not been previously given a great importance. When this problem started to threaten economy in a direct way, it is a whole new thing. Now politicians started to ask about solutions!

    It is a shame that, politicians and people of power, think this way. These people are supposed to be role models. They only cared about nature when its free services begun to decline. This nature should be respected independantly from our financial interets. Every plant, every animal, every species in nature has a purpose on life. People should not only preserve the parts that cause them the financial problems, but they should preseve them all!!!

  4. actually what this shows is that the u.s. for the first time may finally experience what most of the world experiences every day: the slow death of structural adjustments from the imf and world bank. this has been the death of countries like jamaica as it means that the imf and world bank impose strict restrictions that affect farming and labor in very dangerous ways. this is true for most of the global south and it’s called neocolonialism. the white folks are settling on the land, they just own and control it. but maybe what the u.s. needs is a structural adjustment so that it learns what the rest of the world feels like and how they suffer as a result of u.s. foreign policy.


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