The Great Simplification with Nate Hagens cover image

Daniel Schmachtenberger: "Moving from Naive to Authentic Progress: A Vision for Betterment"

The Great Simplification with Nate Hagens

00:00

Value of Natural Resources and Externalities

The speaker discusses how certain valuable natural resources, like the Great Barrier Reef and healthy soil microbes, are not priced in decision-making processes. Despite critical functions like soil microbiology for life, the cost of air remains zero due to universal access, preventing it from being priced. This lack of pricing leads to continuous damage to the environment through industrial processes like air pollution and fossil fuel burning, contributing to a decline in global oxygen levels and ocean oxygen.

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