:58:02
and we created laws
and regulations
:58:04
that would allow countries
:58:05
to claim a certain amount
of water outside
:58:08
their coastal limits
for exploitation.
:58:10
In this century we
went after the air
:58:12
and we divided it
into air corridors
:58:14
that could be bought
and sold
:58:16
for commercial traffic
for airplanes.
:58:18
And then of course
the rest is history.
:58:31
With deregulation
privatization free trade
:58:35
what we're seeing is
yet another enclosure
:58:40
and if you like private
taking of the commons.
:58:45
One of the things I find
very interesting
:58:46
in our current debates
:58:48
is this concept
of who creates wealth.
:58:51
That wealth is only created
when it's owned privately.
:58:56
What would you call
clean water fresh air
:58:59
a safe environment?
:59:00
Are they not
a form of wealth?
:59:03
And why does it only become
wealth when some entity
:59:06
puts a fence around it and
declares it private property?
:59:10
Well you know thats
not wealth creation.
:59:12
Thats wealth usurpation.
:59:15
Over the centuries
:59:16
we have put more and more
things in that public realm
:59:19
and lately just lately
:59:21
in the last
:59:22
lets say in the last
three or four decades
:59:23
started pulling
them out again.
:59:25
So fire-fighters
for instance.
:59:30
Fire-fighters started
as private companies
:59:38
and if you didnt
have the medallion
:59:40
of a given
fire-fighter brigade
:59:42
on your house and
it was on fire
:59:44
those fire-fighters
would just ride on by
:59:47
because you didnt
have a deal.
:59:49
Well it gradually
evolved a public trust
:59:52
for the provision of safety
on that very specific level.
:59:57
This is important.
:59:59
We should not go back
from that and start saying