Archive for the 'Markets' Category

Is economy more powerful than ecology?

Friday, August 4th, 2006

The Kyoto Protocol creates a global trading system for emissions of “greenhouse gasses�? such as carbon dioxide, an effort to unite 160 nations to combat climate change.

Nations that sign the treaty agree to reduce their emissions to reach targets 5.2 percent lower than 1990 levels.

The protocol’s mechanisms are designed to generate incentives around buying, selling and trading emissions credits ­ essentially designing value into countries that do not pollute.

This will create a market that could reach US$60 billion in annual volume by 2008.

Quicktime video

Why does capitalism triumph in the West and fail everywhere else?

Friday, July 7th, 2006

De Soto and his Lima-based organization are working to change the surprising fact that eighty percent of the global population, mostly in the Third World, lack access to property systems registering ownership of land.

The real estate of Third World countries, if it could be monetized, is worth an estimated US$9.3 trillion ­ more than forty-six times greater than all World Bank loans issued in the last three decades.

De Soto points out that that legal property is a tool used in the West to produce surplus value over and above physical assets, value that can be leveraged and grown.

Through de Soto’s efforts many countries are evolving systems for effectively registering title, bringing property that was effectively nonexistent into the market economy.

Quicktime video