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Er... what? The article suggested bribing the government to forbid other companies from mining the coal. Which part of that sounded like market forces to you?
by mdpopescu 11y ago
Er... what? The article suggested bribing the government to forbid other companies from mining the coal. Which part of that sounded like market forces to you?
- em3rgent0rdr 11y agothat is a good point. For the sake of argument regarding this article, there is a presumption that the government owns the mineral rights to lands west of the Mississippi: "But west of the Mississippi, things work different. Especially in Montana and the Mountain West, the government mostly holds mineral rights." But if one does not accept the government's property claim on those mineral rights, then I suppose the act of paying the government to forbid other companies from mining there could be considered a bribe. The article is presenting a solution that works in the current state of the world: presuming the current state of property rights and legal structure.