Why our current economic systems fail to protect the global commons
In short: Economist Naoko Ishii argues that our survival depends on a fundamental shift in how we value shared resources. This talk explores why the current global economy is ill-equipped to protect the planet and what a new social contract with Earth might look like.
Ishii identifies the air, water, oceans, forests, and biodiversity as 'global commons'—shared resources that are essential for human survival but currently under-protected. She argues that to safeguard these systems, we must overhaul four specific economic systems that prioritize short-term gain over long-term planetary wellness.
The core of her argument is the need for a new social contract with the Earth. By moving beyond extractive models, Ishii suggests we can create an economic framework that recognizes the intrinsic value of the natural world as a prerequisite for human prosperity.
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Sources
- Summary by Intellect · source: An economic case for protecting the planet | Naoko Ishii
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