To my mind, capitalist views environment as commodity which can be sold in the market where as indigenous people views it as ancestral and spiritual being.
Tewodros Tefera Ameda
The contemporary economics consider environmental goods as commodity as far as they are transacted and assume monetary value. On the other hand indigenous people attached intrinsic value which is not measured by monetary value and the environmental economics stream defined it as externality. Hence, one of the mechanism to bridge the capitalist conception of environmental goods as a commodity and the endogenous people value of the ecosystem services and other value is through policy instruments.
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