Re:Debunking the tragedy of the commons (2008)
by dnautics on Monday January 15, 2018 @12:00PM
(#16151697)
'land ownership' is a totally artificial construct. We can create (and have created) private ownership models that work extraordinarily well. For example, NOx and SOx emissions permits in the US are issued as simple, auctioned tokens. That is a propertization model.
Generally, the simpler these models are, the better, because complicating matters generally creates opportunities for bizzare arbitrage. By contrast, the proposed CO2 cap and trade (in the US) has so many well-intentioned loopholes with credits and the like that it will almost certainly cause unintended consequences like where an Indian manufacturer created and then sequestered a high-greenhouse-potential gas, resulting in a net emissions of CO2 (as well as a pointless use of resources).
Generally, the simpler these models are, the better, because complicating matters generally creates opportunities for bizzare arbitrage. By contrast, the proposed CO2 cap and trade (in the US) has so many well-intentioned loopholes with credits and the like that it will almost certainly cause unintended consequences like where an Indian manufacturer created and then sequestered a high-greenhouse-potential gas, resulting in a net emissions of CO2 (as well as a pointless use of resources).