Solutions To Environmental Problems.
There are two steps:
1. Defining and refining property rights.
2. Enforcing property rights.
1. Defining and refining property rights.
2. Enforcing property rights.
Every place (those that live there) will have to find a way to establish property rights with an understanding that refining property rights (not regulating - which is the improper, ineffective, and immoral solution of the interventionists) is the best means of adjusting to and addressing any of the problems that later become evident.
As a consequence, the environmental problem will be resolved in the present (by defining and enforcing property rights) and the unforeseen environmental problems in the future will be resolved (by refining the property rights and enforcing them).
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2 comments:
When a coal plant pollutes the air, what is the property rights solution to rectify this action, given that every human being, in his or her activity, always affects the environment adversely by the very act of consumption? My question is not very clear but it has something to do with an answer to the question: W
here does one draw a boundary?
Dennis,
Social cooperation is an essential criterion for there to be justice and so within society (not imposed on other distinct societies not mandated from outside this local jurisdiction) property rights are defined and refined over time as needed. These rights will be defined so that social cooperation is achieved in the highest manner possible.
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