It no longer makes sense to us, in fact, to keep talking about a “global commons” or about economic “externalities.” These terms for the complex environment “out there” were developed for the old paradigm, where humans and nature were seen as separate entities. Today, in our big world on a small planet, we’re all part of the same commons, and changes in our shared environment—such as the climate system, the ozone layer, or the global hydrological cycle—rebound directly on local economies. In today’s interconnected and environmentally saturated world, there are no externalities. Everything,
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