Posted by: mariannedc | April 24, 2012

The Financialization of Nature

By Dave Kane, Maryknoll Office for Global Concerns

For more than three decades, international financial institutions have pressured governments to privatize the production and distribution of natural resources (mining, water delivery systems, energy utilities, etc.), but a more recent phenomenon is the growing encroachment of the financial sector in the ownership of the natural resources themselves.

Financial institutions such as Goldman Sachs and Morgan Stanley are now heavily involved in food and energy resources, and Wall Street is working to create markets for water, carbon, biodiversity and even ecosystems.

Read more here.

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Responses

  1. Thanks to share this nice blog.Please keep it up and help us.


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