Sunday, January 31, 2010

An ethical critique of pollution as a right

from P2P Foundation.
“Capitalism itself is being proposed as the solution, through the means of establishing pollution as a property right. This is the meaning of the “cap and trade” system. Government will give the biggest polluters the biggest rights to pollute, and then slowly withdraw the rights, leading to a market in pollution rights. And since the market knows all things, sees all things, the market will solve the problem without any further government involvement.