Now we will be looking at the causes of the global biodiversity As seen in the video, the swedish government takes

nt takes control of the

crisis. I will be going through the authors main argument, as well as forest without consideration for the sami people, threatening their
2 sub arguments. ability to live in a self-sustaining way.

The main argument is that policymaking is largely based on a
narrow set of values, such as prioritizing nature’s values as traded
in markets.
This is seen in how the predominant focus on supporting short-term
profit and economic growth typically relies on macroeconomic
indicators like gross domestic product. Such indicators generally
consider only those values of nature reflected through markets and
therefore do not adequately reflect changes in quality of life.
There are two reasons why macroeconomic indicators are not
sufficient.
Firstly, they overlook the non-market values associated with
nature’s contributions to people, including the functions, structure,
and ecosystem processes upon which life depends.
This highlights the inequality that arises when biodiversity decline
affects different groups disproportionately. This is because policy
makers often ignore values associated with indigenous peoples’
and local communities’ worldviews, which can worsen inequality.
For example, conservation policies that focus on biodiversity for its
own sake may downplay other values and exclude local populations
that depend on nature for their livelihoods.
Linking back to ethics of care, policymakers need to recognize the
importance of everyone having a voice, being listened to carefully
and heard with respect. This means that policymakers should pay
attention and listen to the voices of indigenous people, in the
interest of preserving their relationships.

Secondly, such indicators do not account for the over-exploitation of

nature and its ecosystems and biodiversity and the impact on long
term sustainability

Stakeholder theory: Linking back to freeman’s stakeholder theory, in

assessing the pros and cons of a decision, a company should not
just look at profit, rather it should take into account the value it
creates for its stakeholders such as local communities and
environmental groups. This is because the corporate environment is
an ecosystem of related groups, all of whom need to be considered
and satisfied to keep the company healthy and successful in the
long term.