Land titling in Australia has undergone a revolutionary shift over the past four decades. The return of diverse forms of title to Indigenous Australians has produced some semblance of land justice. About half the continent is now held under some form of Indigenous title.
Since federation, many government policy proposals to “develop the north” have sought to replicate the economic growth trajectory of the temperate south. Such plans are based on state-sanctioned, often environmentally damaging, market capitalism.
The holistic focus of ecological economics informs an alternative approach. It’s based on the tenet that everything connects to everything else: the economy is embedded in society and society is embedded in the environment, the natural order.
This line of reasoning resonates with the focus of many Indigenous landowners on the need to nurture kin, ancestral country and living, natural resources.
Ecological economics distinguishes between economic growth that depletes non-renewable resources irrespective of environmental harm, and forms of development that focus on human well-being, cultural and environmental values.
Read the full article on The Conversation