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Politics : Libertarian Discussion Forum
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To: MeDroogies who wrote (3425)9/24/1999 2:03:00 AM
From: Dave Reed  Read Replies (1) of 13056
 
Hi MeDroogies,

I see one issue with your solution. It may be that there are fish which are economical to exploit from the open ocean but which it would not make sense to commercially cultivate. One example might be whales (not a fish but you know what I mean.) I think the property rights approach is more sound. If you own something, you bear the full costs of exploiting it. Where there is public property available for exploitation, you have a free-for-all with no individual bearing the costs. I think this is what you see with pollution of the air and water, over-fishing, etc.

The link Dave Rose offered was a good one. I think CATO has explained the property rights approach to this issue very well.

Dave
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