Guy Standing: How Blue Commons Can Transform the Economy of the Sea

Guy Standing, an economist and scholar of the commons at SOAS University of London, talks about his new book, 'The Blue Commons: Transforming the Economy of the Sea'. He argues that overfishing and destructive deepsea mining are predictable results of 'rentier capitalism', the market/state system that privileges expansive property rights, financialization, and industrialized fishing practices. To help restore marine ecosystems and coastal fishing communities, Standing proposes a detailed 'Blue Commons' agenda that relies on commoning, commons-based legal regimes, and stakeholder trusts.