You Can't Put a Price on Nature

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I haven't fully resolved this idea that we need to value nature more also financially with the fact that I feel like it's sacred. There are those who say, yeah, and that's because natural, all these things, they have so much value also to the economy and it's not priced accurately. These are not priced in accurately, so there are also even within this current economic paradigm enormous disastrous market failures. It exists for its own reason. Its value is inherent. At the same time, you say you can't put a price on it, but it already has a price and a price is zero. That's why it's dying.

On this episode, Nate speaks with econometrician and sustainability researcher Gaya Herrington about her new book, Five Insights for Avoiding Global Collapse, a more in-depth and personal telling of her 2021 review of the Limits to Growth (LTG). More than 50 years after the original LTG report was released, the model trajectories remain both relevant and controversial, as we continue with the ‘business as usual’ scenario, in which the LTG model resulted in collapse. Why are we stuck on this road and how are our growth based economic systems optimized to keep us there? Is it possible to shift our goals to a different path, away from growth, focused on the well-being of all life? Can we plan or mitigate the path to descent?

About Gaya Herrington:

Gaya is a Dutch econometrician, sustainability researcher, and women's rights activist. Gaya holds masters’ degrees in both econometrics and sustainability studies. After becoming disillusioned by initially working in the financial sector Gaya became the executive director of StoereVrouwen, a non-profit Dutch women's movement promoting sustainable economic policies through activism. In 2014, Herrington became the Director of Sustainability Services of KPMG. Most recently, her study on the projections made in the 1972 Limits to Growth report was widely publicized internationally. She is currently Vice President Sustainability Research at Schneider Electric.

For Show Notes and More visit: https://www.thegreatsimplification.com/episode/57-Gaya-Herrington