Utopia Governance & the Commons by Tom Wallace - HTML preview

Chapter 4 also considered ‘sovereign wealth’ funds as part of a wider strategy that would see those responsible for the exploitation of non-renewable natural commons and/or damage to wild nature recompensing those directly affected. (Sovereign wealth funds and fee and dividend schemes are sometimes referred to as ‘pre-distribution’, in contrast to re-distribution. The idea is that we all have a right to the

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Utopia Governance and the Commons

commons, therefore our wealth should come directly from there, rather than from the proceeds of those who have exploited the commons — often to the detriment of other people and the environment.)