WEBVTT
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First of all, without wealth

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there is no income.

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We didn't look at wealth through comprehensive lenses:

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That there is much more to our wealth

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than factories

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and bank accounts

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and humans earning a lot of money.

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That there are these invisible wealth components

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and the diversity of wealth

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as well as its comprehensive nature

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really is important for the ability of humans

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to generate sustainable future income.

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When I was thinking about

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how we could have dealt with pandemics differently

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with more comprehensive and diverse wealth

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I think we could have even avoided the pandemic.

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At least at the scale we have experienced it.

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If we did not allow people

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withdrawing produced capital

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the encroach the space that is occupied

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by the renewable natural capital, 

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by the ecosystems,

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by habitats for the wildlife.

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Because once we destroy these habitats

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we destroyed the safe distance

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between the people and the virus.

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Also, what is important

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if we had more equitable distribution of wealth

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we would have avoided a lot of

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tragedies and social disruption

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in the less wealthy communities

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- not only countries, but communities within the wealthy countries.

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As you know, you can handle shocks

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much better when you have assets

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and savings that you can tap on during a crisis,

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rather than situations where you are deprived of assets

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and your livelihood

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and the livelihood of your family

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depends on the flow of income

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so you are dependent on the monthly paychecks

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to survive.