Selective Amnesia

Here’s an idea: Privatise the other half

Reason Magazine:

Fortunately, civilized humanity is solving the problem of long-run prudence by using culture. As our civilization develops, we are becoming better at foreseeing the consequences of our actions, and have built institutions that encourage long-range thinking. Private property is one such vital institution, because it forces people who reap the benefits to bear the costs of using a resource.

Also read this piece on the Environment.

| private property | property rights |