June 9, 2012
“Water and air are priced at zero, meaning in order to breathe, I don’t have to pay a tollgate. On the other hand, if you cut off my air and my water, I would be willing to pay to get it turned back on. So there’s something amiss in the theory of value that doesn’t value these common resources, the common pool upon which we all base our lives” –Robert Johnson
In the following video, Robert Johnson, Executive Director of the Institute for New Economic Thinking, talks about the need to value common resources and restructure the financial sector so that it will provide service to humankind. He presented at the Strategies for a New Economy conference held by the New Economics Institute in June 2012.