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    Re: ML ALERT: Manufacturing Ignorance: Keeping The Public Away From Power 📂 Archived Message

    Posted by Ken Waldron on October 22, 2021, 3:20 pm, in reply to "ML ALERT: Manufacturing Ignorance: Keeping The Public Away From Power"

    -This stuff is terrifying. The natural extension of the chairman of Nestle's views: that access to something as fundamental as water should be a human right was in his view "extreme." Anyone who thinks that is clearly an "extremist."

    "The endless corporate drive to privatise the planet was highlighted in a recent article by journalist and researcher Whitney Webb titled, ‘Wall Street’s Takeover of Nature Advances with Launch of New Asset Class’. She reported:

    ‘Last month, the New York Stock Exchange (NYSE) announced it had developed a new asset class and accompanying listing vehicle meant “to preserve and restore the natural assets that ultimately underpin the ability for there to be life on Earth.” Called a natural asset company, or NAC, the vehicle will allow for the formation of specialized corporations “that hold the rights to the ecosystem services produced on a given chunk of land, services like carbon sequestration or clean water.” These NACs will then maintain, manage and grow the natural assets they commodify, with the end of goal of maximizing the aspects of that natural asset that are deemed by the company to be profitable.’

    Simply put, capitalists are seeking to control, not just ecosystems as ‘financial assets’, but the rights that people around the world have to ‘ecosystems services’, including the benefits that humans receive from Nature:

    ‘These include food production, tourism, clean water, biodiversity, pollination, carbon sequestration and much more.’

    The estimated ‘monetary value’ of Nature’s ‘assets’ have been priced at $4,000 trillion. Webb concluded:

    ‘Thus, NACs open up a new feeding ground for predatory Wall Street banks and financial institutions that will allow them to not just dominate the human economy, but the entire natural world.’"

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