> I can't see this at all. Can you provide any example of property rights actually being vested in air or in water? You use companies as a vehicle, but their m

> I can't see this at all. Can you provide any example of property rights actually being vested in air or in water? You use companies as a vehicle, but their measurement is not "how clean is the water?", it is "how much profit?" You will need to change this, otherwise, as long it is about profit / money, you've lost that very moment, and the only way to deal with that then is via regulation.