What is Extraction Value?
1.A. of, relating to or involving extraction
1.B. tending toward or resulting in withdrawal of natural
resources by extraction with no provision for replenishment
2. capable of being extracted
1. the monetary worth of something
2. relative worth, utility, or importance
Definitions from Merriam-Webster Dictionary
rare earth elements
real estate market
sea level rise
This list above attempts to enumerate “extraction value” which involves capturing value by removing something with an inherent value through effort or force and by capturing value from other stakeholders by disrupting the competitive market process. This activity, the basis of capitalist society, keeps economies and communities growing. Proponents of the capitalist model who rely on extraction tend to see only the good in the system and work diligently to deny, discredit and conceal the repercussions of value extraction. As resources lesson and populations grow the need for resources taken from the earth will grow and continue to put pressure on the delicate balance necessary for the planet to function. Capitalism thrives on quick solutions and fast money, there is seldom time to consider ideas and resources on a long term basis. These works explore extraction value and question how this will have a lasting effect on the landscape.