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> Private property creates an incentive to preserve the goose that lays the golden eggs. Not really. Private property is about ownership, not maintenance. We'v
by king_jester 13y ago
> Private property creates an incentive to preserve the goose that lays the golden eggs.
Not really. Private property is about ownership, not maintenance. We've already seen that privatization isn't generally enough to encapsulate the negative externalities an activity generates. Further, we've actually seen that in some cases privatization creates for new negative externalities or incentives to ignore negative externalities.