Econopoly: On Ecosystems and Economics

Econopoly: Phase One of Ecology Games 2012

The original game of Monopoly was invented by a Quaker woman called Elizabeth Magie in 1903 (and originally called The Landlord’s Game). Elizabeth Magie’s game intended to demonstrate the injustices of Henry George’s Single Tax on land but instead Parker Brothers bought the rights and made a game about buying property, making monopolies and beating other players by charging them rent.

Econopoly is about the commodification of the natural world. Presently, ecological ‘services’ are being given financial value in a desperate effort to convince industrialists to acknowledge the importance of Nature. The financialisation of ‘ecosystem services’ is based on the belief this will help protect biodiversity. But does assigning ecosystems an economic value really work?

Consider the recent The Economics of Ecosystems and Biodiversity (TEEB) report, which estimates a total economic value of insect pollination worldwide at €153 billion (Gallai et al. 2009 in TEEB, 2010: p.8). It’s a high number, but does this number actually reflect the value of pollinating insects? Considering that we are dependent on functioning ecological systems, surely these ‘ecosystem services’ and the pollinating insects which are a vital part of these ecosystems are in fact priceless. Continue reading