 Hi, my name's Jim Boyce and I'm the Director of the Environment Program at the Political Economy Research Institute. The presentation you're about to see was given at the University of Massachusetts Amherst as part of the Forum on Social Wealth. The Social Wealth in the Forum's title refers to forms of wealth that are neither private property owned and managed by individuals and firms, nor public property owned and managed by governments. Instead, these are forms of wealth that are social, that belong to no one and yet at the same time, belong to us all. Examples include nature's wealth, natural resources like the fish in the sea or the air we all breathe. Human wealth that's created and nurtured by families and communities when they care for children, for elderly people, for disabled people, caring labor that's often performed voluntarily and without compensation. And the information commons, the knowledge wealth that underpins not only our economy but our society and culture. These forms of wealth are immensely valuable, terribly important for current and future human well-being. And yet because they're neither owned and operated by the private sector nor by the government, they often go unrecognized, underappreciated and undervalued. The aim of the forum on social wealth is to promote discussion and dialogue about the value of these forms of wealth and to spark creative thinking about how we can manage them better for the well-being of current and future generations worldwide. Thank you for joining us.