Sustainable ecological value monetized will have profound four-fold global benefits. Creating sustainable ecological value is the easiest path toward quickly mitigating climate change, expanding ecological global economic growth, pursuing a radical reduction in pollution depletion and ecological damage, and sharply reducing rampant global inequality. It is the basis for the pursuit of the New Wealth of Nations.

Including ecological value in global market dynamics is the missing piece needed to enable the price system and the pursuit of profit to help radically diminish the attraction of externalities by making the market send price signals realistically valuing and rewarding sustainable conduct to increase profit. Regulatory schemes and taxes on polluters have not stopped the global march toward ecological catastrophe. Monetizing ecological value is both a recognition of the inescapable importance of the global ecosphere under catastrophic assault, and a crucial improvement in the incentives of the price system embracing ecological sanity in the name of profit as well as survival and justice.

Introduction

This post raises the question of whether President Biden’s quest for re-election in 2024 will be negatively affected by his pledge to continue America’s support for Israel and its war on Gaza.

President Biden has put his 2024 re-election at risk by supporting Israel’s genocidal war against Gaza.

Early in this war, Biden unequivocally supported Israel’s military response to the Hamas attack on southern Israel. In just over a week after Hamas attacked Israel on Oct. 7, Biden met with Netanyahu to express his and America’s unequivocal and unconditional support for Israel

(https://www.npr.org/2023/10/19/1206832708/biden-israel-trip-mideast-peace).

Perhaps the primary value of war – from the point of view of national leaders and their loyal followers – is that it places 100 percent of the blame for whatever’s wrong on the other guy: the enemy. And thus there’s no alternative but to kill “him,” which nowadays amounts to slaughtering and dismembering anybody and everybody who lives in his sector of the planet, including children . . . though that part isn’t said out loud.

It would have been outlandish to suggest that a small region like Gaza, seemingly bereft of significant natural resources, political will of its own, and let alone sovereignty, would become the world’s most significant geopolitical spot on earth. 

 The ongoing Israeli war on Gaza and the legendary resistance of the Palestinian people, however, have changed our calculation - or perhaps miscalculation - regarding what a besieged nation can achieve, in terms of collective resistance, in fact changing the rules of the game altogether. 

 However, it is still early to fully fathom the surely significant possible outcomes of the current upheaval resulting from the Gaza war and Resistance.

 While Israel and the United States are desperate to return to the status quo model, which existed in the Middle East prior to October 7, the newly emerging Palestinian leadership is keen on introducing a new era of international relations, namely new geopolitical players, who could, in turn, rope in new allies, with their own political ambitions and economic interests.