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Tribal property = several property? Jason Soon over on the Catallaxy Files has a fascinating article about the idea of using native rights to over-fished waters as a means for achieving some free market environmentalism.
Libertarians have long claimed that there are alternatives to environmental regulation – one of the more obvious is giving property rights to what were previously unowned resources. Native title rulings seem to be a perfect opportunity (where a tradition of property ownership can be established) to put this worthy libertarian principle into practice while recognising ‘Aboriginal rights’ in a manner that promotes economic efficiency and justice and encourages entrepreneurship – and privatises more of Australia (alright so ownership will be vested in the tribe but how is that different from firms in Western society owning property? It’s part of their tradition, let them sort out the principal-agent problems).
Interesting idea. The whole article is well worth pondering.
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Who Are We? The Samizdata people are a bunch of sinister and heavily armed globalist illuminati who seek to infect the entire world with the values of personal liberty and several property. Amongst our many crimes is a sense of humour and the intermittent use of British spelling.
We are also a varied group made up of social individualists, classical liberals, whigs, libertarians, extropians, futurists, ‘Porcupines’, Karl Popper fetishists, recovering neo-conservatives, crazed Ayn Rand worshipers, over-caffeinated Virginia Postrel devotees, witty Frédéric Bastiat wannabes, cypherpunks, minarchists, kritarchists and wild-eyed anarcho-capitalists from Britain, North America, Australia and Europe.
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