As I became more concerned about climate change, I could not see a viable Libertarian solution to it.
The libertarian solution to climate change would involve privatizing the commons: sell off the atmosphere to some private entity which would then issue licenses for emitting, have standing to sue unlicensed polluters for violating its property rights, etc.
In other words, basically cap & trade but with a for-profit corporation in charge instead of the government, for no good reason.
At least, that’d be the theory. In reality, that’s how you get Spaceballs.
The libertarian solution to climate change would involve privatizing the commons: sell off the atmosphere to some private entity which would then issue licenses for emitting, have standing to sue unlicensed polluters for violating its property rights, etc.
In other words, basically cap & trade but with a for-profit corporation in charge instead of the government, for no good reason.
At least, that’d be the theory. In reality, that’s how you get Spaceballs.