Why It Matters
One of the main reasons our current economic system doesn’t work for everyone is because the revenue flow from the commons has been privatized. This privatization is one of the root causes of economic recessions, wealth inequality, ecological destruction, as well as social and cultural decline.
All of nature is community wealth, including—and especially—land. As communities become more attractive to live in, land becomes increasingly scarce and more expensive to live on. But since the value of land is created by the community, it therefore belongs to the community. Land has to be owned in common, and whenever people use land for themselves, they need to reimburse their local community for their exclusive use of it.
Presented By: Martin Adams