Post
Topic
Board Politics & Society
Re: LFTR and Market Failures
by
myrkul
on 01/08/2012, 20:14:02 UTC
I suspect you really don't know many of the things that you might do on your property that have an effect beyond the boundaries of your property. Furthermore, have you considered that boundaries do not exist just in physical extent, but temporal extent as well? What is the temporal extent of your ownership?

Firstly, you've started a thread to explain all this, and I'm still waiting on an update in it. Second, as to the temporal boundaries of property, That property is mine until I reassign it. That can happen a number of ways, to my heirs at my death, through selling it, etc. If I care about my heirs, or the resale value of the property, I will not do anything to reduce the long-term value of that property.

Consider: The Scimitar-horned Oryx. It is currently extinct in the wild, existing only in zoos and game preserves. There are no more roaming the wilds (commons) of Africa. Do you know where the largest concentration of Scimitar-horned Oryx are, today?

In a private game reserve in Texas. Your precious biodiversity is being protected by hunters. Why? Because if they hunted them completely out of existence, they couldn't hunt them anymore. Self-interest, protection of the value of one's private property, has succeeded where environmentalism and the commons has failed.