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How to solve the problem of pollution by privatizing the atmosphere. At the moment, people are incentivized to over-pollute. If my factory releases dangerous emissions, I get much of the benefit, in the form of profits from selling my product (along with my customers, employees, suppliers etc.) pay only a fraction of the costs though - most of the pollution effects other people. Since I gain much of the benefit, and little of the cost, I tend to pollute too much. The problem here is one of negative externalities. Equivalently, it the tragedy of the commons. And what is the solution to the tragedy of the commons? Privatization. If one person owns the field, they have the right incentive to preserve its value. Similarly, we could privatize the atmosphere. People who wanted to use the air (say, by breathing, or burning fuel) would be charged a fee. This would cause them to internalize the external cost, and restore efficiency to the market for pollution. Of course, this would be rather difficult to administer. How are we going to charge people for breathing? Do people get charged more for having bigger lungs? If people fall behind on their payments, do we cut off their oxygen? Doing so would plausibly count as theft, as currently they enjoy use-rights to the air. Fortunately, this can easily be solved. Simply give everyone shares in AeroCorp. Because AeroCorp gets most of its money from coal plants and gasoline companies, it pays a dividend each year well in excess of the breathing price. So everyone's breaths are just netted against the dividend, and they never have to send any money to AeroCorp. Because polluters now have to pay AeroCorp to emit pollutants, they're less keen to do so, and the negative externality problem is solved.

How libright would solve climate change: | r/PoliticalCompassMemes


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Authoritarian The immortal science of materialist Christianity made the master race dialectics is the only permitted world view. weak. Islam in particular must be destroyed. Economic- Left Imagine caring about anything. Economic- Right Sorry, but religion is, like, the patriarchy, sweetie. Slaves of the Archons Wanna buy a brain chip? Or at least a bottle of corn syrup? Libertarian Servants of the Aeons I hate the antichrist!
How is order maintained and the issue of economic scarcity dealt with? Authoritarian Government & Government Property Rights Economic- Left Economic- Right IDK (It's going to be a government) Property Rights Libertarian
LIBERTE EGALITE FRATERNITE FRATERNITE EGALITE LIBERTE
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Political Compass - How libright would solve climate change: | r/PoliticalCompassMemes

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How to solve the problem of pollution by privatizing the atmosphere. At the moment, people are incentivized to over-pollute. If my factory releases dangerous emissions, I get much of the benefit, in the form of profits from selling my product (along with my customers, employees, suppliers etc.) pay only a fraction of the costs though - most of the pollution effects other people. Since I gain much of the benefit, and little of the cost, I tend to pollute too much. The problem here is one of negative externalities. Equivalently, it the tragedy of the commons. And what is the solution to the tragedy of the commons? Privatization. If one person owns the field, they have the right incentive to preserve its value. Similarly, we could privatize the atmosphere. People who wanted to use the air (say, by breathing, or burning fuel) would be charged a fee. This would cause them to internalize the external cost, and restore efficiency to the market for pollution. Of course, this would be rather difficult to administer. How are we going to charge people for breathing? Do people get charged more for having bigger lungs? If people fall behind on their payments, do we cut off their oxygen? Doing so would plausibly count as theft, as currently they enjoy use-rights to the air. Fortunately, this can easily be solved. Simply give everyone shares in AeroCorp. Because AeroCorp gets most of its money from coal plants and gasoline companies, it pays a dividend each year well in excess of the breathing price. So everyone's breaths are just netted against the dividend, and they never have to send any money to AeroCorp. Because polluters now have to pay AeroCorp to emit pollutants, they're less keen to do so, and the negative externality problem is solved.

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Uploaded Sep 05, 2019 at 04:17PM EDT

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Political Compass

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