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Politics : Formerly About Advanced Micro Devices
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To: TimF who wrote (326982)2/22/2007 12:37:30 AM
From: TigerPaw  Read Replies (1) of 1576152
 
Private ownership provides and incentive to preserve value.

Not necessarily.
I might seem that way if you think private ownership is somehow permanent, but the reality is that in many cases private ownership is used as way to extract a short term value and then sell or abandon the property. An obvious example would be a mine, but it's done with all sorts of properties, think Love Canal.

In this case it is the ownership laws themselves that are being treated as a commons. The law is available to all, but those who take the most liberties with it reap rewards and leave the mess to others.

TP
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