Undervaluation of community wealth
- Ignorance of non-monetary values of traditional communities
- Devaluation of indigenous cultural appreciation
Claim
- Value is only attributed to information and resources when they enter external markets, and prices do not reflect the actual environmental and social costs of products. These result in ignorance of non-monetary values, notably in local communities. The knowledge and managed resources of indigenous communities are therefore ascribed no value and are assumed to be free for others to acquire as property.