It is hard to know how to think about conservation in such a social climate. However we begin, I don’t think we can afford to forget the connection between value and latent commons. There are no matsutake mushrooms without such evanescent mutualities. There are no assets at all without them. Even as entrepreneurs concentrate their private wealth through building alienation into commodities, they continue to draw from unrecognized entanglements. The thrill of private ownership is the fruit of an underground common.