On May 19, the Robert Schalkenbach Foundation co-sponsored an event in New York with the International Union for Land Value Taxation, a United Nations ECOSOC NGO, the Center for the Study of Economics and The American Journal of Economics and Sociology.
The event was intended to foster an ongoing public dialogue on Mason Gaffney’s Sacred Water, Profane Markets, which appears in the November 2016 edition of American Journal of Economics and Sociology and challenges the fundamental assumptions of even the most liberal economic dogmas of the past century. According to the journal’s editor, Gaffney has produced “principles of universal relevance” by recognizing the tendencies toward capital accumulation inherent in laissez-faire capitalism and enshrining the sanctity of nature at the forefront of any policy discussion. Gaffney writes:
“Treating nature as a sacred gift requires our full capacity to imagine ways to heal the split between humans and the earth. A comprehensive plan to protect nature while securing the human right to water means changing the rules that govern the current ‘operating system’ for planet Earth.”
Two of the event’s speakers, David Triggs and Mary Cleveland, address the economics and management of water. They describe how a just system of charging for nature’s services can not only protect nature from excessive use but also make the market for produced goods and services healthier by preventing the development of monopolies that impede economic efficiency and destroy social harmony.
Drawing upon many years of practical experience in both developed and developing countries and extensive academic research, they show how a healthy balance of demand management and market forces may be used to ensure both safe drinking water for all in water scarce cities and the optimum sharing of water between agricultural, industrial and commercial users of water.
David Michel has researched and written about transboundary water governance, maritime resources management, and water conflict and cooperation. He is co-author of Toward Global Water Security: US Strategy for a Twenty-First-Century Challenge. He shares his views about the water ethics and policy presented by the first two speakers and how these might make a valuable contribution to a global water grand strategy formulation. The intention of Michel’s current work on global water security is to maximize the potential for civil society and the private sector to speak with a cohesive voice on water ethics and policy.
Following the three main speakers several designated respondents draw on their own insights and experiences in water ethics and management in giving their input to the proposed reconciliation of Sacred Water and Profane Markets. The main speakers and the respondents will then participate in a plenary round table discussion on a number of key points and questions raised by forum attendees.
Watch the full event below: