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Wall Street Just Invented a New Type of Corporation To Help Elites Buy Nature Itself
The New York Stock Exchange is helping to commodify the commons and exploit it for profit
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Backpacking through Central America changed my life.
It exposed me to poverty and made me loathe corporatism.
It exposed me to environmental destruction and made me love nature.
One of my life’s greatest collection of memories comes from my months of volunteering at eco-villages in Costa Rica.
The rich coast.
- Swimming in hot rivers, warmed by volcanic heat
- Discovering glow-in-the-dark mushrooms
- Listening to howler monkeys in the hills
- Cooking organic food in an open-air kitchen without insects due to mindful planting
- Watching red-hot lava flow down a volcano at night
The land was so verdant that even the fence posts blossomed with flowers.
Costa Rica is one of the most sustainable nations on earth. It’s a place filled with beautiful and warm people. It’s chocked full of stunning views and breathtaking scenery.
And now, thanks to the recent invention of a new type of corporation, it will all be owned by a hedge fund.
Natural Asset Companies
It’s technically a new type of publicly tradeable security.
Like a stock (or NFT), but for nature.
Trees Inc.
Rivers Inc.
Mountains Inc.
Water Springs Inc.
Rainforest Inc.
Oceans Inc.
In September, the New York Stock Exchange (of course) announced the new security, as a “nature-based solution to unlock the value of natural resources.”
That definitely sounds pretty based.
An NAC is basically a real estate agent for Mother Nature. It picks a piece of nature, assigns a…
