Financialization effects on naturalization in the context of COVID-19

Abstract

The objective of this paper is to show the repercussions of financialization on the speed and intensity of exploitation of nature. Under an anthropocentric vision, ecosystems reduced to their monetary expression become the object of profitability and speculation. The financial crisis of 2007-2008, whose effects persist and were magnified as a result of the health crisis of COVID-19, creates the conditions to accelerate the process of financialization of the ecological system by becoming a means of short-term profitability. The risk of the pandemic lies in the deepening of the ecological financialization mechanisms as a way out of the economic and climate crisis based on the rules and operational objectives that govern the operation of the main international agreements on environmental matters.