In that sense, ecodao certainly offers opportunities to acquire passes to these events as an investment in art rather than a traditional expense in tickets.
The notion of expenses becoming assets is a big idea. Both in for profit and non profit endeavors.
This is, per Kimmerer, the threat we must work against, “a grotesque economy that grinds what is beautiful and unique into money, a currency that enables us to purchase things we don’t really need while destroying what we do.”
Hyperfinancialization of everything has been a concern of mine but maybe on net, the financialization of things that were previously outside of the capitalist model will bring more attention and resources to those previous things that were not defined as ‘valuable’ within that context.
For example, childcare, teaching, etc. Things who’s currently ascribed ‘value’ in economic terms doesn’t adequately reflect their value in human terms.
At its heart, then, ecodao doesn’t exist simply to funnel financial support to the environment; it works to create a sustainable expansionary economy, an ecological economy, that should increasingly become our objective in caring for a commons that extends well beyond humans, to plants, animals, fungi, and all the illegible wonders of the dirt and sky.
Amazing mission statement here!!
Compared to a traditional donation whose cost donors could never recover, NFTs offer a massive unlock for charities to raise far more funds than they could in the web2 world.
Huge idea here.
Likewise, the money could be used as a kind of UBI for participating artists
Interesting idea here.
In its own small way, ecodao aims to shift towards a world where our status symbols no longer stand for what we’ve gained, but rather for what we’ve given.
This is a really powerful concept.
The problem is that this token must be equated to some value in fiat terms: that it must intersect with our current economic models
This is mostly true but I do find it interesting for example how many NFTs are priced in ETH, and seem to act in ways that are referential to ETH, not to USD. What this implies is that maybe the Web3 world is starting to move away from its ties to the value system of the ‘real world’ to create its own economy with its own reference points internally.
In a free-market economy, the money to grow a business would need to come from within the economy, from the paychecks of consumers or the expropriation of land, in a game that would be zero-sum if not for the fictional capital of loans and debt,
Could argue that economic ‘growth’ is just a reflection of the sunlight driven growth that you mention in nature. Sun -> food -> brainpower -> new ideas -> growth. Point being, I’m not sure I agree that the financial system is what drives growth in a free market economy. Accelerates for sure, but driving force, I’m not sure.
The issue is not public goods, per se; it’s that we often speak of a “public” that in many ways operates as private power in the wider scope of competing states, rather than the traditional framework of competing firms. But in that sense, the internet has in some ways given us our first real public commons. I
Had never thought about this before but its a great point. Public goods exist within certain boundaries that make them private (with all the extractiveness that comes with it) in certain ways.
And the lesson is the very basis of solid banking. The CREDIT rests in ultimate on the ABUNDANCE OF NATURE, on the growing grass that can nourish the living sheep.”
Profits = natures abundance is a very interesting frame.
Cosimo
Cc @cosimodemedici. David is this a ploy to get Snoop to participate?