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Our economic system needs to recognize the price – and value – of nature

Our economic system needs to recognize the price – and value – of nature

A cynic, Oscar Wilde wrote, is someone who “knows the price of everything and the value of nothing.” On that basis, our ­dominant economic system — corporate capitalism — is beyond cynical. It takes Wilde’s aphorism one giant step further because it doesn’t even know or take into account the price of everything, never mind recognize and account for that which is priceless.

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