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> externalities like pollution can be thought of as a form of trespass Perhaps in theory, but American Libertarianism will never see anyone recovering any loss
by socialist_coder 10y ago
> externalities like pollution can be thought of as a form of trespass
Perhaps in theory, but American Libertarianism will never see anyone recovering any losses due to rising CO2 / climate change. You would have to sue someone in court and win. And do you really think you can successfully sue Exxon Mobil when your shellfish farm is ruined because of ocean acidification?
This is basically why US Libertarianism is broken. If we truly had a Libertarian government, the environment would be quickly ruined.
- mikecb 10y agoA cap and trade system where the initial credits were auctioned would be the closest I could imagine to recovering losses, yes.