Economics 101 – 6 of 8 – Conservation and Property Rights – Murray N Rothbard

6. Conservation and Property Rights

Free markets shift resources from where they are less valued to where they are most valued, benefiting consumers. When private property and free markets are allowed to operate, a natural conservation of resources occurs. Nothing is a resource unless it is useful to man.

Governments do not own anything and are not interested in preservation or maintenance. The conservation movement since 1900 simply closed off land. Western railroads and Western real estate owners financed the conservationists in order to keep land off the market.

Oceans have yet to adopt private property rights, but it will be needed to end ocean communism which depletes fisheries.

The law of capture produced such over drilling and depletion in oil. Radio and TV channels have to find a technological unit like bandwidth or frequency to define private property. Hoover nationalized the radio channels. This totalitarian control over media by the FCC is fascist, but not protested. It has a chilling effect on speech.

Pollution beyond the optimum takes place because of government intervention of resources. Proper pricing systems and private property can eliminate pollution. Rothbard speaks about air and water pollution and the legal changes like tort law which systematically changed common law structure. Private property needs once again to be allowed to function.

The sixth of eight sessions from Murray Rothbard’s Economics 101 series.

A collection of eight speeches and lectures by Murray N. Rothbard, spanning from the 1970s to the early 1990s. He is speaking in a small classroom setting, explaining economics from the ground up, and systematically in the manner of a classic 101 course on the topic—but with a revolutionary approach.

This lecture as a Podcast: http://enemyofthestate.podomatic.com/

Sourced from: https://mises.org/library/economics-101

Source: Economics 101 – 6 of 8 – Conservation and Property Rights – Murray N Rothbard – YouTube

http://www.readrothbard.com/economics-101-6-of-8-conservation-and-property-rights-murray-n-rothbard

TRANSCRIPT

00:00
okay tonight we’re going to talk about
00:02
conservation we’ve heard a lot about
00:04
capitalist greed in quotes ravaging our
00:06
natural resources and destroying it sort
00:09
of like a mighty blight coming over the
00:11
land the many areas where capitalist
00:13
greed as opposed to ravage our resources
00:15
the main one for many years used to be
00:16
the forest and we’ll get to that in a
00:18
minute first question asked about this
00:20
point about capitalist greed ravaging
00:22
our resources how come it hasn’t ravaged
00:23
a lot of other stuff I mean how come it
00:25
ravaged say the forest and various other
00:27
specific items such as the fish
00:28
fisheries salmon Cod and one whale
00:32
suffer so how come has ravaged these
00:34
things that has not ravaged copper and
00:36
iron and various other natural resources
00:38
we’re just going holding up fairly well
00:40
so the question then is well since
00:42
capitalist greed is supposedly not no
00:44
more greedy but in the case of the
00:45
forest site and there’s a case of copper
00:47
and iron and whatever how come a Capitol
00:49
Street has done its evil works in those
00:51
areas and not on the secondary there
00:52
must be something about the area’s
00:54
themselves of the problem alleged
00:56
capitalist greed first of all about the
00:58
forests which amazed well just mentioned
01:00
passing to the lot less forest now than
01:03
I was in 1492 Columbus landed in those
01:07
days of the whole country the whole land
01:09
was covered with forests so the problem
01:10
is if you want to really want to
01:12
preserve the forest primeval faith in
01:15
which it wasn’t 1490 we’d be in pretty
01:17
bad shape matter fact we wouldn’t be
01:19
here at all because the only way in
01:21
which we could land and clear law and
01:23
establish houses and factories and roads
01:25
and also it’s not supposed to get rid of
01:27
the forests the basic problem here that
01:29
the forest or occupy enough land which
01:31
turned out to be more valuable for other
01:33
things other uses so we had to chop down
01:35
the fourth if the Sierra Club had been
01:38
around in 1492 you never gotten off the
01:41
boat so you have the basic problem with
01:44
the conservationists that if they want
01:45
to preserve everything that’s a good
01:47
story good thing they didn’t start long
01:48
time ago looks okay obviously if you
01:51
want to preserve the entire force of a
01:52
continent either that or us steal the
01:55
trees or mankind has to survive okay so
01:59
what is there before we get back to the
02:01
forest and Ally problems what is there
02:02
in the market that prevents ravaging
02:05
total destruction of copper and iron all
02:08
these other
02:08
that’s your resources what happens is
02:10
the free market has a built-in mechanism
02:12
I can use the word mechanism there’s a
02:14
built-in mechanism which provides what
02:15
we can call optimal conservation which
02:17
provides a situation where business
02:20
firms in the market produce a certain
02:21
optimal amount per year and leave the
02:24
rest of it and also an optimum out on
02:25
the ground put it this way supposing we
02:28
have a mind it could be a copper mine or
02:30
whatever and the mine has a hundred
02:33
million dollars worth in the ground the
02:35
mine owners say the cover of mine owners
02:36
faced with a choice how much did he dig
02:38
out this year how much he leave well if
02:40
he digs out ten million this year okay
02:43
let’s say he gets certain profit on that
02:45
well then he then he’s got 90 million
02:47
dollars worth of copper or left if on
02:50
the other hand digs out 20 million and
02:52
he’s got 80 million left now this
02:54
illustrates the point that if he
02:56
increases his annual production or if he
02:58
steps up his current rate of production
02:59
he will get higher profits let’s say
03:01
this year however he is then left of the
03:04
problem he has 20 million dollars less
03:05
capital value than he had before so in
03:08
other words he always has to choose on
03:10
the market each face with a constant
03:11
series of choices and one of these
03:13
series of choices between annual
03:15
production revving up your current
03:16
income but then having a lower capital
03:18
value lower capital value means that he
03:21
wants to sell either the mine itself or
03:24
the shares of stock of the mind he’s
03:25
going to have to accept a lower price
03:27
because when a capital value declines so
03:30
these are two things he always has to
03:31
guard against so in other words he’s not
03:33
going to just shoot the whole hundred
03:34
million this year because he does that
03:36
he has capital value of this but he has
03:38
remaining goes down a zero so the
03:40
corrective mechanism a part of the
03:42
corrective mecha as we can see right
03:43
away on the market you know he wants
03:44
current profits he doesn’t want to lose
03:46
the president capital value of his
03:49
future profits in other words the mine
03:51
as a whole has he could he owns the
03:52
copper mine of the Holy own shares in
03:54
the compromise of the whole the value of
03:55
that compromise the whole is that this
03:56
can of future returns these future
03:58
returns are brought back by the market
04:00
into the current capital value basically
04:02
choice depends on several things buzzy
04:05
expects the price to rise and copper in
04:08
a fairly near future say he expects
04:11
there’s gonna be a big copper shortage
04:12
next year or two years from now plus
04:14
he’s gonna Sarah the expected capital
04:15
value is increased he expects the price
04:17
of copper to go up in the near future
04:19
and then
04:20
because the capital value is out later
04:21
in relation to the current price he will
04:25
then hold back copper’s very similar to
04:27
the week Becky later who expects the
04:29
price of we’d say to go up in six months
04:31
he holds onto the wheat now this raises
04:33
the price of wheat now from what it
04:35
would have been but then later on when
04:36
the price does go up a week he dumps his
04:39
wheat takes the profit by doing that
04:41
lowers the price than six months so this
04:44
means he the speculator personally moves
04:46
out fluctuations and prices on the
04:48
market and second of all he shifts the
04:50
supply from where it’s less value about
04:52
a consumer played today where it’s more
04:55
valuable consumers saying six months on
04:57
a shortage of wheat arises in her
04:58
blessed week same way with copper but
05:01
the fact that he has his capital value
05:03
mechanism leads him the whole bag copper
05:05
and Allison price is cheaper and
05:07
therefore not as valued by the consumer
05:09
and then sell it two years from now for
05:11
years now the copper shortage emerges
05:13
when therefore it’s more valuable
05:14
consumer and the price is higher and he
05:17
sells it this is part of the way the
05:18
free market mechanism shifts resources
05:20
from where they’re less value to where
05:22
they’re more value but consumer in this
05:23
case from the present to the future
05:25
there by benefiting the consumers as a
05:28
whole by shifting the copper production
05:29
of copper from now 23 years of that on
05:32
the other hand closing he expects that
05:34
in two or three years of a new
05:35
substitute for copper some big new alloy
05:38
will come up or something like that it’s
05:40
a new technological development to make
05:42
compromise absolute which out-compete
05:44
copper the night case the effect the
05:46
price of copper a fool his estimate of
05:48
the capital value of the klein they will
05:50
therefore step off as current production
05:52
and that deplete is capital value
05:55
because definitely we’re going down
05:56
anyway and thereby shift from future
05:58
production to present production again
06:00
benefiting the consumers because what’s
06:03
the point of producing copper in 20
06:04
years well as the new substitute will be
06:06
almost worthless but I produce it now
06:09
and this market mechanism provides the
06:10
incentive to do that just the signal for
06:13
the market so to speak our capital value
06:15
is going down the effect there’s going
06:16
to be a future obsolescence of copper
06:18
therefore its produces now when the
06:19
profits are greater so expected changes
06:23
in the price or a key thing which
06:25
reflect on the capital value and gives
06:28
the signal to the producer of the mine
06:29
owner the natural resource owner produce
06:31
either more or less now
06:33
less or more in the future another point
06:37
hi preference the higher the right of
06:39
interest the rate of returns are this
06:42
cannon in other words the lower the
06:43
capital value of will mine the lower the
06:46
rate of interest the higher capital of
06:48
value of minus means that the higher the
06:49
rate of interest the more the mine owner
06:51
will be induced to produce now rather
06:53
than later then the lower the rate of
06:55
interest memorial will be induced to
06:57
save up now and produce in line the
06:59
copper later rate of interest is
07:01
reflections of time preferences of
07:02
consumers if the rate of time preference
07:04
goes up in other words the consumers
07:06
decide they’d like to consume now rather
07:08
than later we want to shift their
07:10
allocation consume more now of us saving
07:13
and investment for later then the rate
07:15
of interest will go up this would be
07:17
reflected in the lower capital value of
07:19
the mind and then this will induce the
07:21
copper mine owners to produce more now
07:23
let the capital value go down further I
07:26
produce less in the future if on the
07:29
other hand the time preference fools
07:31
sumers decided like to consume less now
07:33
and more proportionately later save and
07:35
invest more for the future then the rate
07:37
of interest will fool capital value of
07:39
the model though up mine owners will
07:41
hold back more production now will cut
07:43
down a current production and shift
07:44
toward future production or invest in
07:47
other words more than the cup of mine
07:49
free market has a smooth and rapid
07:53
reflection provides rapid reflection of
07:55
consumer wishes consumer desires here
07:57
because if changes are expected to be
08:00
either from the supply side or the
08:01
demands saw in other words if from the
08:03
supply side there’s going to be a big
08:04
shortage in a couple years of copper
08:06
this is this will be effective as a
08:08
hired half of the value now a copper
08:11
mine on a hold on to more of a cop I
08:12
produce less of it now or if there’s
08:15
going to be a greater supply later on
08:17
copper mine owner produce more now and
08:19
less later similarly consumer time
08:23
preference is reflected in rate of
08:24
interest there was a changes in demand
08:26
side by consumers reflected in the
08:28
capital value also for the capital value
08:30
mechanism the fact that my owners owned
08:33
the mind of some of the natural resource
08:35
itself means that he can then allocate
08:38
his current production versus as future
08:40
production okay that’s there to another
08:42
point about copper miner supposing apply
08:45
of copper
08:46
does lindell but forgetting our exactly
08:49
about the president versus the future
08:50
supply of copper gets short the price of
08:53
copper therefore goes up now what
08:55
happens in this situation the price of
08:57
copper goes up the rise in copper of
09:00
price of copper itself provides another
09:02
built-in mechanisms the first place the
09:04
fact that price of copper goes that
09:05
means the consumers they’ll start buying
09:07
less copper either they’ll produce less
09:09
or whatever is used in copper and go
09:12
into some other business or a shift from
09:14
copper to some other substitute metal so
09:17
another western edge of wire and basis
09:18
of his value scales and income etc will
09:21
voluntarily ration his own purchase
09:24
especially the marginal buyers really
09:26
just don’t really want that much copper
09:28
in any way if it easily shift aluminum
09:29
or some other method the really gung-ho
09:31
copper bars are stored by more or less
09:34
the same amount so we have then a
09:36
rationing system which is smooth and
09:38
voluntary and where each individual
09:39
Assize on his own both tightening
09:42
contrast course the government rationing
09:44
system every meat ax approaches use
09:45
everybody’s got to suffer equally or
09:48
suffer together suffer of course a lot
09:50
more secondly the rise in the copper
09:52
price will then stimulate a greater
09:55
search for supply so the price of copper
09:57
is now higher people started going
09:59
around with air whatever covered
10:01
whatever the guy you’re kind of
10:02
equivalent is in the copper business I
10:03
started looking for more conference
10:05
that’s now the world worth while to
10:07
start finding it and using it there’s a
10:09
lot of minerals then underneath the
10:11
ground enormous number of middle of the
10:12
Chevin been discovered yet example a
10:15
natural gas caper everybody knows is an
10:17
enormous amount of natural gas it just
10:18
they haven’t been found yet but it
10:19
hasn’t been worthwhile if anybody go out
10:22
and look for about 20 years does the
10:24
price of natural gas has been held down
10:25
about 25 cents per thousand cubic feet
10:27
women being market prices somewhere
10:29
between 55 cents on the dollar but on
10:32
the other hand if the price goes up of
10:34
copper the higher the fights will be in
10:36
the greater the incentive go out there
10:37
with your coupler geiger counters or
10:39
whatever and try to find more copper a
10:40
more couple everly be found on a life
10:42
supply will eventually increase in price
10:44
will then fall insertive wall the rise
10:47
in the price of copper will stimulate
10:49
substitutes will stimulate people have
10:51
thought using substitutes whatever other
10:52
metal will be used or to try to invest
10:55
in technologies which will discover
10:57
substitutes because tech
10:59
geology follows the market in most cases
11:00
nobody’s gonna start looking around for
11:02
copper substitutes very much the great
11:04
deal of enthusiasm and invest resources
11:06
in it unless there’s a big copper
11:08
scarcity price of copper coin and you
11:10
start looking around for all sorts of
11:12
ways of getting around it and something
11:14
which will form the same function of
11:15
copper it’s the same way with this
11:17
energy caper now so there’s lots of
11:19
energy sources around solar energy and
11:23
nuclear and shale oil and tropical
11:25
oceans and also some other stuff it just
11:27
has been to unnie cannot make even look
11:29
around and try to invest in the
11:30
technology for these things it’s the
11:33
price of energy is ever allowed to go up
11:34
those free market level then these other
11:36
sources will start be economic I start
11:38
investigating these sources and start
11:40
trying to exploit them and use them and
11:42
then they will start pouring on the
11:43
market a few years if not of course are
11:46
the price of energy that remains of
11:48
their at the current controlled price
11:49
control level there’s no incentive go
11:51
out there and then invest in the new
11:54
technology okay so where the free more
11:56
can operate or a private property rights
11:58
in the free market allowed to operate we
12:00
have these building mechanisms in the
12:01
market which one eliminating any problem
12:04
ravaging of wool you know something you
12:06
wake up tomorrow morning all the copper
12:07
is gone doesn’t work that way and if
12:11
there is an increased gearstick copper
12:12
their mechanisms that worked voluntarily
12:14
ration and also induce greater supply
12:16
all these things work how come then the
12:20
forests were ravaged and how come the
12:22
fish in the ocean were ravaged etc etc
12:25
how come there are these areas where the
12:27
scenes at the market didn’t work
12:28
successfully the themes of those
12:29
overproduction or overuse or depletion
12:32
before I guess I just one more point
12:34
about technology and resource and market
12:37
and resources we think of the industrial
12:39
revolution in technology is using up a
12:41
lot of resources gas-guzzling of the
12:43
current term meds and so for the only
12:45
various area actually technology often
12:48
creates a lot of resources which white
12:49
resources before technology or an
12:51
industry came on the scene example
12:53
petroleum which were now bellyaching
12:55
about is going on petroleum wasn’t a
12:57
resource and tolls Industrial Revolution
12:59
before in other words the advent of
13:01
automobiles and also kerosene lamps on
13:04
site but basically before the advent of
13:05
the automobile petroleum is just a pain
13:07
in the neck just a black ooze it’s a
13:10
complete waste I mean wasn’t you
13:11
or anything we just look yeah it was
13:14
only this about the development of our
13:16
automobiles and petroleum technology
13:18
that created a resource out of something
13:21
which is just a pain in the neck before
13:22
and this has been done lots of other
13:23
things it’s like a lots of other
13:25
technological language I’m not even
13:27
familiar with okay so what about these
13:30
cases of ravaging what about these cases
13:32
of depletion and so forth what’s been
13:33
happening there how come what happened
13:36
there and how come is very simple i will
13:38
go from one case of the next elaborating
13:41
on the basic point basically pointers
13:43
there ain’t no shortage ever or
13:45
depletion or ravaging unless the
13:47
government sets up the thing in such a
13:49
way it’s not to allow private property
13:51
rights to function none of it being
13:53
capitalist greed as as full before
13:56
there’s a capitalist greed hasn’t been
13:57
allowed to operate enough in other words
13:59
the government has come in to restrict
14:00
private property and capitalist reading
14:03
quotes from performing its function sort
14:06
of function we’ve been talking about the
14:08
major problem is coming about in those
14:09
cases where the government has not
14:11
allowed private property to function in
14:12
the resource itself but has allowed
14:14
private property in the use of the
14:16
resource for example the government says
14:18
no private property is permissible in a
14:20
copper mine itself nobody’s allowed to
14:22
even enroll for the private individuals
14:24
than copper mine however you can take as
14:26
much copper out of the ground as you
14:27
want to and then you own lack but you
14:30
can’t own the copper mine itself them
14:32
actually the resource of soft well
14:33
what’s going to happen this can be done
14:35
either one of two ways these are the
14:37
government can get clear but we can call
14:38
coupler communism in other words of the
14:40
mind itself will be used by the first
14:43
guy comes there and starts digging it up
14:45
that’s one way I’m doing it or the other
14:46
way the government can only cover mine
14:48
and lease it out to whoever it once the
14:51
lease it to first function the copper
14:53
communism first the system so to speak
14:56
sets up a situation where if I don’t go
14:59
in their mind like copper right now the
15:01
other guys going to mine it there’s no
15:02
way of protecting myself as other guy
15:04
coming in and grabbing the copper
15:06
therefore this induces a holy rush to
15:09
produce as much coverage you can as fast
15:11
as possible also of course boasted by
15:13
the fact is very much so and nobody owns
15:15
the copper and mine itself if I come in
15:18
there it’s not money as much cup as I
15:19
can 24 hours a day etc all the equipment
15:22
I can possibly muster I know
15:24
lose the capital value of this guy does
15:25
with the right now capital value nobody
15:27
owns the capital value because nobody
15:29
can own the capital value then the sky’s
15:31
the limit the system induce a
15:32
maximization of current production and a
15:36
forgetting about future production is
15:37
nobody around to reap the benefits of
15:39
the future production if a government
15:41
owns it it really were usually or
15:43
exactly the same thing government to
15:45
some copper miner again the government
15:47
owns the resource the cover mine owner
15:49
doesn’t and so the couple of my article
15:51
will be induced of mine as fast as
15:53
possible get as much copper alloy ground
15:55
as he can also in addition of that
15:57
nobody owns the capital resource the
15:59
morn itself there’s no incentive to
16:01
somehow Reedy pleaded if you can re
16:03
pleaded to the increased improve the
16:05
technology in a long-term basis in some
16:07
way cause again nobody can reap the
16:10
benefit of this if you do that when the
16:12
other guy will come in and grab my
16:13
copper nobody owns the capital value the
16:16
government owners will get back the
16:17
government ownership a little later but
16:18
the point is of course government
16:20
controls the copper mine it owns it in
16:22
the sort of philosophical sense but it
16:23
doesn’t own the capital value the
16:26
government regulates it a rules that
16:27
governed that but the government
16:29
official had an appointment of terior
16:31
can’t Sully compromise so one-fifth
16:34
shear but here there ain’t no share so
16:36
there’s really no ownership and so
16:38
there’s nobody there has the economic
16:39
incentive the government thing an
16:41
accountant long-range basis it’s always
16:43
said that it’s typical and economic
16:46
literature political science literature
16:48
that the government should control
16:49
natural resources or regulate them or
16:51
even own them because five of
16:53
individuals are short-sighted they’ve
16:54
got prime preference for us which means
16:56
that they prefer present the future some
16:59
sort of rate the private people out
17:01
there undervalue the future worse we the
17:03
government the government officials are
17:05
farsighted they look for 200 years ahead
17:07
there that they are Mount Olympus some
17:09
plans for generations and centuries
17:10
because they’ve got the long-range view
17:12
they’re not limited by capital is greed
17:14
of course the point is really just the
17:16
reverse the private individuals meant be
17:19
philosophically interest in the 200
17:21
years now those three generations later
17:23
but they’re induced today by the capital
17:25
value the fact of a kappa value
17:26
discounts expected future return they
17:28
have to preserve some sort of copper
17:30
mine there some sort of actual resource
17:32
economically beneficial for them to do
17:34
so they lose money if they don’t
17:36
the other hand in government says
17:37
government doesn’t own the resources
17:39
even if it regulates it the government
17:41
has no long-range adverse whatsoever
17:42
they don’t have to preserve anything the
17:44
matter of fact government officials as
17:45
we all know have only one interest which
17:47
is babying everything alone till the
17:49
next I’ll watch the time horizon is
17:51
about six months in other words they if
17:52
it’s now March lectures November that’s
17:55
about that primer eyes they don’t care
17:56
for world collapses in December’s
17:58
although they get reelected and the
17:59
member so far from the government being
18:01
farsighted looking for the social future
18:04
the custodian of humanity and future
18:07
generations it’s just the opposite
18:08
government the last person to go to be
18:10
there really just interest in the next
18:11
election so let’s get the specifics know
18:13
the various areas private capitalism so
18:16
so ravaged and plundered and so forth
18:18
and so on there’s a forest ok I already
18:21
said my piece about the horse in general
18:22
about the he expect 300 million square
18:25
miles or whatever the acreage the
18:27
American continent is can’t expect that
18:29
to be preserved one other thing though I
18:31
think when it gets either the farce of
18:33
anything else the environmentalists the
18:35
conservationists want to preserve the
18:37
forest unpainted and all that stuff I
18:39
they want to preserve this now the other
18:41
thing what they should do of course ago
18:42
antler market and buy it they do that
18:44
nobody would have any grape I certainly
18:47
wouldn’t have any gripe they want to
18:48
preserve the forest primeval they should
18:50
buy if they want to preserve Lee
18:51
whatever though I’m by then we’ll buy
18:54
the tundra then go ahead and buy it now
18:56
of course if they do that that means
18:58
it’s not to spend alone one of their own
19:00
money they won’t be able to be
19:02
intellectual sitting around in the clubs
19:03
in New York or Washington telling
19:06
everybody else and tell me a taxpayer to
19:07
pick up a pad for their aesthetics we
19:10
have a questionnaire of competing
19:11
aesthetics I really don’t care about the
19:13
tundra but those who do care about the
19:15
tundra should buy it and then preserve
19:17
it for evermore the matter of factors as
19:19
Professor Dolan makes the point of a
19:21
cute point on this whole question the
19:22
aircraft was always wiping about the
19:24
government selling the mat and with the
19:25
government allowing the tundra to the
19:27
use of forest be chopped down or
19:29
whatever and he says some ingenuity was
19:31
is that since the government’s always
19:33
been betraying why don’t they do it
19:34
themselves why they go on viola stuff
19:36
and then they could certainly trust
19:37
themselves to preserve it for evermore
19:38
so when did they do that of course the
19:41
preserving the scuffle lie who are at
19:44
should law and those who want to do the
19:45
preserving those are really hopped up
19:47
about
19:47
on the caribou issue out and buy it
19:49
however conservationists use the
19:51
government that means the rest of us
19:53
have to pick up the path because like
19:55
using the taxpayers money to build a 300
19:56
billion dollar monument for something or
19:58
other if you want if the people want to
20:00
kick in the monument they should go
20:02
ahead and do it on their own hook let’s
20:05
get to the specific areas or for us
20:08
again the problem with a forest aside
20:11
from the fact the inevitable fact of the
20:13
forest meet hundreds of millions of
20:15
square miles of quartz are not going to
20:16
make it on the market they look good
20:18
reason aside from that fact a problem of
20:21
the forest especially in the West is
20:23
federal government owned most of the
20:24
land west of the Great Plains they still
20:26
own it Colonel Gumm has never really
20:28
allowed private ownership of a forest in
20:30
the United States there is some of
20:32
course but looking at it sort of a large
20:34
scale we have placed sources of
20:37
restrictions on being able own far
20:39
homestead for us and only cetera we have
20:41
another words government ownership are
20:42
most of the forests no result if you
20:44
want to cut down lumber what you have to
20:46
do usually if the least parts of the
20:48
forest on the government an annual basis
20:50
now that happens this sets up the same
20:52
mecca I’ve been talking about although
20:53
the government doesn’t own anything
20:54
anyway it’s got no interest in
20:55
preserving anything the private forest
20:58
reser’s renters they’re not interested
21:01
in preserving the forest either what
21:02
they want to chop down as much as I can
21:04
because if they don’t chop it down in
21:05
two years of the years whenever that
21:06
lease runs up somebody else will come in
21:08
and chop down if they will allow if you
21:10
have private ownership of a far so the
21:12
government sold or gave it away or what
21:13
I’ve got out of orbit land ownership on
21:15
the west which isn’t saying enormous
21:17
something IE d % they got Adam all this
21:19
stuff the private owners of the four so
21:21
first of all they have an incentive to
21:22
preserve an optimal preservation
21:24
balancing the way the proper owner
21:26
balances expected future prices interest
21:29
rates affected shortages and so forth
21:30
and so on and also another very
21:33
important thing which comes in more
21:34
obviously in the because of
21:36
technological reasons in the forest and
21:37
doesn’t compromise the five owners of
21:39
the flowers will have the incentive that
21:41
can maintain the far chop down the right
21:43
spacing of trees and rebuild it and all
21:45
that sort of stuff far as technology is
21:47
very complicated i’m obviously not
21:48
expert in it the point is there’s all
21:50
sorts of ways if your own look for us
21:51
the chopped down trees and preserve it
21:53
at the same time so you can keep the
21:54
capital value more or less constant
21:56
let’s go chop down a lot of trees and
21:58
wean Western Europe for example most far
22:01
privately owned question you have nobody
22:03
bellyaches about ravaging of forests
22:05
there are no complaints about total
22:08
destruction of course because since you
22:10
have largely private ownership of the
22:12
forest in Europe there are maintaining
22:13
this way is just to conserve them and
22:15
read plant the trees and all that sort
22:16
of stuff in addition to the keeping for
22:19
us or for more get the trees off the
22:21
market the government has kept shale oil
22:22
for the market has prevented any leases
22:25
from taking place and chill and various
22:27
other in coal mining a lot of possible
22:30
strip mining of coal could be taking
22:32
place in the western states again the
22:34
land of them are all owned by the
22:35
federal government if they haven’t
22:36
allowed any leasing for the they just
22:39
haven’t East anything they just haven’t
22:41
used the land this is an interesting
22:42
point about the federal government
22:44
because before that from approximately
22:46
eighteen sixty-one on the Homestead Act
22:47
came in but of course it wasn’t applied
22:49
to large scale branches the tragedy was
22:52
the Homestead Act came in just as a
22:54
point well they obsolete a sense of the
22:57
home studying 160 acres which is allowed
22:59
to the settler his own fee simple he was
23:03
clear the land at sutter and use it he
23:05
was granted a land by the government
23:07
which officially horse owned it but
23:09
shortly after that we supplement cross
23:11
the Mississippi and got into the Western
23:13
great prairies and that point when
23:16
agriculture was much where the climate
23:18
is much drier 160 acres doesn’t mean a
23:20
darn thing but yeah I really have to
23:21
have much larger number acreage to raise
23:24
cattle for example honestly takers
23:25
doesn’t give me a thing and the host
23:28
that law was never changed to
23:29
accommodate this it kept on but the old
23:31
original sort of what agriculture of the
23:33
Eastern little and little western states
23:35
instead of a further west so as a result
23:37
we never really got the him setting
23:39
applied very much west of say Iowa as a
23:42
result of that now finally live nineteen
23:44
hundred or so the government finally
23:46
clamps down it just reserves all the
23:48
lands that it has now and prevents
23:50
anybody from studying it so we have this
23:51
conservation movement that’s about 1900
23:54
which is closed door for with land on
23:55
the west the government just hold on to
23:57
it doesn’t do anything whether it or
23:58
leases it out in some way but doesn’t
24:00
really use it properly why not
24:03
conservation come in in a big way with
24:04
Teddy Roosevelt the usual story is that
24:06
it came in because of left-wing
24:08
intellectuals sitting in New York and
24:10
bellyaching about the trees well no
24:12
question about the fact that was a
24:14
that was a 14 factor it’s usually true
24:17
by the way that’s the people are
24:18
actually living out west living with the
24:20
tree don’t bellyache about they don’t
24:21
really care much about the tree we are
24:23
going to lecture we’ll ever see a tree
24:24
will cont to preserve it out there where
24:27
3,000 miles away New York intellectuals
24:29
in Washington like chills lid yes indeed
24:32
spark the conservation movement however
24:34
they didn’t really finance it financing
24:37
of the conservation when we came from
24:38
very interesting sources they came from
24:40
two sources the railroads Western
24:42
railroads and the Western real estate
24:44
owners what’s their land owners because
24:46
to kill railroad can a land grant of a
24:49
huge amount of land which was granted of
24:51
the railroads to sell they saw fit the
24:54
settlers is sitting on this land and
24:56
also you have private real estate owners
24:58
a private land owners also sitting on
24:59
land you can induce the federal
25:01
government some way to keep all of its
25:03
land which is might near you off the
25:05
market completely forever and ever the
25:07
name of conservation forevermore if you
25:09
can do that in the value of your angle
25:11
is way out because if anybody wants a
25:12
sudden on Atlanta let’s take a half of
25:14
sub long on your land so what you have
25:16
is a beautiful example of an unholy
25:17
alliance between liberal intellectual
25:19
the liberal conservationists cooks and
25:22
sinister forces know exactly what they
25:24
were doing or you didn’t really care
25:26
about the western caribou whatever they
25:29
were keeping all the government land off
25:31
the market it’s preventing homesteading
25:32
supposed to raise the value of their
25:34
real estate if the Western railroads
25:36
financed the National Conservation
25:38
Association and their paper magazine in
25:41
Washington huge story is probably still
25:43
going off anybody ballin investigating
25:44
innocent if you’re looking at waist then
25:46
you’re looking at ravaging etc it seems
25:48
to me the real waste of resources not to
25:50
use it I mean after all what’s to
25:52
resource around for except to use if
25:55
you’re conservation is get their way and
25:57
some one way the other keeps all this
25:58
land or keeps the copper or whatever off
25:59
the market forever and doesn’t allow it
26:01
to be you that’s the real waste because
26:03
then you’re just compulsorily coercively
26:06
deleting all this all these resources
26:08
were possible use for mankind for
26:10
production and consumption so the real
26:12
race is not using it too fast we always
26:14
it’s not using it at all which of the
26:15
conservationists holy green there’s
26:18
another argument which should be
26:19
mentioned in this point a philosophic
26:21
argument we should cut down our own
26:23
production or own consumption in order
26:25
to benefit future generations
26:27
tighten our belts as to preserve a
26:28
copper or the land of the forest for the
26:31
future the several problems with us one
26:34
big problem is that the Seas if you use
26:36
this argument the future generations
26:37
will eventually become present in other
26:39
words 30 years from now our children
26:40
will emerge and nobody told the same
26:42
crappy argument though be also be
26:45
proactive busy refugee generation which
26:47
means of course the resource will never
26:48
be used because the future will stretch
26:50
on infinitely and if and if at one point
26:53
it’s a hundred years from now they will
26:54
allow the future generation which will
26:56
then be present to use it why can’t we
26:59
use it what we’re just as future they
27:01
are we’re future to the all of our
27:03
ancestors so I think that will kill that
27:10
okay now we get to the another area
27:13
which is similar to land or the
27:14
fisheries we have the pletion of the
27:16
fishery capitalist greed once again the
27:18
treat of the salmon on the cod and
27:20
whales have gone and all that stuff and
27:23
applying our principles the reason again
27:26
should be clear anybody can fish
27:28
anything in other words you can catch
27:30
the fish you go out there on the boat or
27:32
whatever you catch the fish yours you
27:34
can use it however nobody can own the
27:36
fish resource of thumb I’ll bake your
27:38
own parts of the ocean nobody can fence
27:41
it off nobody can do anything with it as
27:42
a result and you have ocean communism so
27:46
known as freedom of the feed that’s a
27:47
euphemistic term point is that as a
27:50
result of that we’re now in the ocean
27:52
the same way that we were before
27:54
agriculture in other words the same way
27:56
we were on the land and the hunting and
27:58
gathering stage before forming
28:00
agriculture tame it hunting and
28:02
gathering magic you went out there iam
28:03
you got seed you clean up berries off
28:05
the bushy and got turnips and whatever
28:07
other stuff you got down and walnuts you
28:11
pick them walking a shot wild animals
28:12
the bow and arrow and so forth but was
28:15
you could use the fruits of the language
28:17
you couldn’t do anything with land
28:18
itself you couldn’t preserve it you
28:19
couldn’t transform it you couldn’t do
28:21
anything with it as a result the
28:22
productivity of the land was very low
28:24
thing is originally in the hunting and
28:26
gathering stage land was really super
28:27
abundant there’s no point to prior even
28:29
talking about property and land a
28:30
private property because it’s so
28:32
abundant so many for us out there and
28:34
suffer there’s nobody even thought in
28:35
those terms however in order for
28:38
agriculture to take place in order for
28:39
somebody to
28:40
law for certain portion of the earth and
28:43
do something with it and grow wheat and
28:46
barley etc had to have fiber property or
28:48
some sort of property rights because
28:51
otherwise somebody across the mountains
28:52
going to come in on the next guy of
28:54
course the field come in and take your
28:55
wheat away it was because private
28:58
property comes in well and gets old
29:00
scarce or population increases private
29:03
property is then allowed on the land
29:04
itself and not just things you pick off
29:06
the land things you the berries you pick
29:08
off the bush the time of property and
29:10
land itself the productivity of the land
29:12
increases enormously there’s no
29:14
comparison in other words as soon as you
29:15
allow agriculture which means your
29:17
cultivation of the land then the former
29:19
can come in they can use fertilizer and
29:21
you can use authors of techniques and
29:22
pepper etc productivity increases
29:25
enormously we’re still in the ocean
29:27
we’re fun hunting and gathering stage
29:28
because we don’t allow private property
29:30
and parts of the ocean and so everybody
29:32
rushes out and fish as much as they can
29:33
and then the nobody has any incentive
29:35
the preserve the fish to maintain it to
29:37
increase the productivity of fish and
29:39
there’s also no incentive for anybody
29:42
who engage in fish technology and
29:43
aquaculture would be comparable term
29:46
there’s no one sense of or anybody
29:48
engage in actual cultural technological
29:50
research because there’s no possibility
29:51
of applying it because no point in
29:54
getting all sorts of fancy technological
29:56
ways of improving ocean technology
29:58
because the government doesn’t allow
29:59
property in it nobody will be allowed to
30:01
do it now we have a situation more and
30:03
more of course where the ocean uses the
30:05
reason why the freedom of seas came in
30:07
is because in 18th century 17th century
30:10
the frequencies doctrine comes in the
30:12
ocean was super abundant with so many
30:13
fish nobody even thought in terms of
30:15
property resource in them however were
30:17
getting to the point obviously more and
30:19
more where the fish are getting scarce
30:20
or and scare sir the government tries to
30:22
meet this by having all sorts of crazy
30:24
regulations like the limiting the number
30:26
of months you can catch the fish or
30:27
limiting the size and having anti
30:29
technological regulation you can’t use
30:31
super net you can only use small hand
30:33
net you can cut down a site size of a
30:35
catch or having season or any way you do
30:38
is first of all it doesn’t it doesn’t
30:39
help us like rationing it doesn’t help
30:40
increase the resource an aquaculture
30:42
would and private property a second of
30:44
all it messes thing up at the stores
30:46
thing for example if you say you can
30:48
only fish tauntingly March the first and
30:50
then you have a certain limit stay on
30:51
the catch and what happens is
30:53
what happens salmon the northwest
30:55
everybody comes in this huge boats and
30:57
they fish like mad to try to beat out
30:59
the other guys hold total number of
31:00
salmon reaches its maximum limit as a
31:03
result the amount of salmon gets cut of
31:04
the season for catching salmon get
31:06
compressed from six months of the plea
31:08
weeks to six weeks or whoever it is and
31:09
this distorts everything in the source
31:11
of technology to salmonella aren’t as
31:12
tasty too many big boats get built as an
31:15
over investment in huge boats and all
31:17
the rest of there’s a complete
31:18
distortion of the salmon market as all
31:21
of these regulations die from the
31:23
craziness of the ring and not allowing
31:24
super nets or whatever other super
31:27
technology to increase productivity is
31:29
private property or land part of the
31:31
ocean you have things like that you’d
31:32
fencing off of parts of the ocean it
31:36
could have been done even the foil the
31:37
electronic period it could have anchors
31:39
in the ocean but now electronic duck
31:41
soup we can easily have electronic
31:43
fencing no problem with that you know if
31:45
they allow you to do it in other words
31:46
if you’re sure of the fact some other
31:48
fishermen is not going to come along and
31:50
grab all your fish and inside the fence
31:52
okay if you have private property rights
31:54
then in parts of the ocean you have this
31:56
sort of electronic fencing if you use
31:58
the equivalent of fertilizer the first
32:00
thing you do right now even before any
32:02
improvement in act fish technology is
32:04
you can segregate the big fish little
32:06
fish segregate by sides unfortunately
32:09
Fisher not trying out about natural
32:10
rights and the non-aggression axiom and
32:13
so the big fish has to eat little fish
32:14
even in such to us lighting here if you
32:17
separate a little fish from the big fish
32:19
you enormously increased production just
32:21
right there give me something else again
32:22
plankton or whatever just just them and
32:25
doing nothing else that I electronics
32:27
fencing and segregating fish bite size
32:28
enormously increased fish productivity
32:31
as lots of other things obviously it can
32:32
be done if aquaculture will allow the
32:34
fiber property across the ocean where
32:36
lab now this is getting to be it’s a
32:38
very dicey question because we’re
32:40
getting now just not all the ocean by
32:41
the way is really important in this
32:43
connection we’re really talking about
32:44
the continental shelves and the North
32:46
Atlantic and parts of the North Pacific
32:49
and we have a situation with the ocean
32:51
in these areas are getting very scared
32:53
for getting to a point we have many
32:55
areas where if they rushin trawlers are
32:57
trying to fish fishermen are trying to
32:59
fish from their boats nets are coming
33:01
out some other way the land base
33:03
somebody’s trying to drill for offshore
33:05
well that something else is happening
33:06
five or six people competing for one
33:08
lousy pieces ocean it cannot resolve
33:11
that unless private property rights are
33:13
allowed and parts the ocean I think that
33:15
probably something like this will happen
33:17
if it won’t be private property at least
33:18
will be National Property this is some
33:20
way to be able to keep out the allocate
33:23
for the obviously private properties
33:24
only correct solution here but at least
33:27
emits a some way of ending fish ocean
33:29
communism because otherwise be no way of
33:31
explaining these resources at all for
33:33
the some offshore drilling the Japanese
33:35
or have two beds which are underneath of
33:37
water they have private prop that’s not
33:39
really separate from the land it’s
33:41
really just just out from the coast it
33:43
does in a little bit of that but
33:44
obviously this is the next great
33:45
frontier for production and it can only
33:48
be used if we allow private property in
33:50
it so that’s the fish caper it’s only i
33:53
recommend here a very good book by
33:54
christian scott called the commonwealth
33:56
of ocean fisheries it feels was was a
33:58
legal economic political Olli all the
34:01
problems connected with international
34:03
fish Oh ocean question another air which
34:05
partakes of both water and Lana’s oil
34:07
pool petroleum one of the problems with
34:10
petroleum which led to original over a
34:13
growing ravaging of our petroleum crude
34:16
oil resources which then led to a
34:17
monstrous cartelization by the
34:19
government as I said because of the way
34:21
the law capture worked with oil well the
34:24
way the common law was applied when the
34:27
oil was first discovered you you dig a
34:30
drill down to the part of a pool you
34:32
find this pool and then you can use as
34:35
much as you want of that oil can you
34:37
know bill as much as you want of it
34:39
nobody owns the pool itself well
34:41
obviously the pool the oil pools of
34:43
technological unit and yet no private
34:46
property was allowed in the oil pool but
34:48
only in the use of the oil we have the
34:49
same situation of offices in the case of
34:51
the fisheries every man as a brother
34:53
rushes in to take advantage of this and
34:55
put a drill there and you have hundreds
34:57
of drills going now first we have over
34:59
drawing a lot of investment and drilling
35:01
etc I don’t drill as oil as fast as
35:03
possible but the other guys will pump it
35:05
up and pretty soon be in a whirlpool the
35:08
way to solve this is to allow private
35:10
property and the resource itself and not
35:12
just in the annual use of it 20 guys now
35:14
growing in the same whirlpool it should
35:16
be allowed the unit ties but how
35:17
emerged in one corporation or company
35:20
which would then own the whole oil pool
35:21
it’s now I believe you illegal to do
35:23
that some sort of antitrust violation or
35:26
something the unit eyes your oil whole
35:29
links that you can then one corporation
35:30
one firm the whole pool but until we do
35:33
that they’ll be then a tendency toward
35:35
overuse over depletion as oil well then
35:37
of course the government comes in it has
35:39
a proration plant or Eliza’s restricts
35:42
production on top of all this none of
35:44
for solving this problem just adding
35:46
another one on top of it but again you
35:49
have the same problem not allowing
35:51
because of the legal structural
35:53
government’s legal structure not
35:54
allowing private property and the
35:55
technological unit then we have the oil
35:58
pool I only have another area the
36:02
government doesn’t allow private
36:03
property ownership in a sense overuse I
36:05
guess over here here the problems all
36:07
the different but again you have an area
36:09
where the government does not allow
36:10
proverb allows a use of something that
36:12
doesn’t allow property and resource
36:13
itself a user radio and TV channel again
36:16
you have a situation radio was first
36:18
invented question is how do the courts
36:20
deal with a whole question who owns what
36:22
and during the nineteen early 20s and
36:25
radios first coming in people operating
36:27
radio stations Detroit at a certain
36:29
kilocycles and cetera et cetera that
36:31
somebody else would then beam something
36:33
in the same killacycle nearby at the
36:35
interference and they went to the court
36:37
the courts within the side can only
36:38
define the basis of common law which is
36:40
basically libertarian and if they began
36:43
to make decisions the Illinois courts
36:45
for example made decisions okay here’s
36:47
what you do the guy who homesteads and
36:49
cents know where the guy first sets up
36:50
his channel 1600 strike over blah blah
36:53
blah only that killacycle or on the
36:56
right to be mount on that frequency say
36:58
if I have to find a technological unit
37:00
this is you find out for 160 acres of
37:02
wetland or soil pool a technological
37:05
unit is fairly easy to find out it’s
37:07
certain list whatever the width of the
37:10
band is so you’ll have interference and
37:13
the radius of the the frequency beam is
37:16
sent out tell you the site okay you have
37:18
a 200-mile radius let’s say and your own
37:20
lyst 1600 kilocycles within a band of
37:22
plus or minus a certain remember of
37:25
pillow cycles for this 200 mile period
37:28
anybody had just fears of this is a
37:30
dresser you know the addressing insured
37:32
property you can take an injunction
37:34
smash-up now this is beginning to be
37:36
developed in the early 20 what happens
37:39
is the Herbert Hoover now why he did
37:41
this I don’t really know nobody’s far as
37:42
i know i was investigated the infamous
37:44
radioactive might seem pretty success
37:46
again whether hoover decided that the
37:48
purple things going on people
37:49
interfering in each other’s radio
37:50
channels he can’t allow this and private
37:52
enterprise hasn’t worked in this area in
37:54
private property therefore we have to
37:55
have to nationalize the radio frequency
37:57
she did because he not told of us to the
38:00
country about the court decision that
38:02
you’re quietly going on at the same time
38:04
so who would who was the secretary of
38:06
commerce at the time pushes through the
38:07
radio lack which nationalized radio
38:10
channel and later on Court TV channel
38:12
this means a channel goal are owned by
38:14
the government not by private people in
38:17
order to be allowed graciously to use
38:20
channel 1600 kilocycles you have to get
38:22
a license from the Federal
38:23
Communications Commission and this means
38:26
of course total totalitarian control
38:28
over the media radio and TV media and
38:30
it’s a total suppression of free speech
38:33
Free Press I don’t know why nobody seems
38:35
to realize this because for example the
38:37
FCC requires for poor balance news a
38:40
long pundit inlining editorial because
38:43
an editorial means somehow you’re
38:44
loading the dice leave the man equal
38:47
time I ever every clock who comes on
38:49
with certain point of view there’s gotta
38:50
be balanced it can’t be this can’t be
38:52
that which really means you take any
38:54
kind of position at all which is
38:55
certainly any positioners differs from
38:56
the majority you get a clubber but FCC
38:59
the FCC doesn’t renew your license this
39:01
is complete totalitarianism supposing
39:03
for example if apply to the press and
39:05
magazines and books and newspapers
39:06
supposing the government said okay from
39:08
now on as a ball ball ball we have
39:10
interference there’s scarcity of
39:12
newsprint of another argument for
39:13
nationalisation in fact would be radio
39:16
and TV channels are scarce suppose
39:17
everything scarce as we should know by
39:19
this time every darn thing is not free
39:20
is scarce so newsprint scares me
39:23
nationalize everything government the
39:24
national or international is everything
39:26
and then licenses people will be allowed
39:27
to print stuff well that case we have a
39:31
similar situation any newspapers steps
39:32
on a line a little bit a little too
39:34
radical too rambunctious your license
39:37
not going to be a renewed Buster of
39:38
course you have complete freedom of
39:39
speech were you can’t operate without
39:41
life you can’t produce anything can’t
39:43
sell anything
39:44
without a life now this would be
39:45
considered toggle coat alternative and
39:46
fascism of the worst sort and yet we
39:49
allow the same thing that happen radio
39:50
TV and nobody protests the back the
39:53
exact same situation there was for
39:55
example a heroic libertarian radio
39:57
station Hawaii are not too long ago an
40:00
FM station think which is quite popular
40:02
which was beaming libertarian broadcast
40:04
several hours a night your son got
40:06
clobbered by the FCC because it’s
40:08
unbalanced recording or whatever and
40:10
they’ve threatened to take their license
40:12
away and they didn’t have the money even
40:13
to fight see the legal fees or fight the
40:15
license so they just fold it up so this
40:17
is just a small indication the thing is
40:19
it obviously permeates it has what the
40:21
courts called chilling effect on any
40:23
kind of real freedom speech and the
40:25
media and this direct result of
40:27
nationalization what happens is that the
40:28
network’s example have a big bonus and
40:31
the fact that they they’re allowed to
40:33
use these challenge for nothing they
40:35
don’t have the painting money for it
40:36
either anybody else or the government or
40:38
whatever you have this peculiar
40:39
situation with the networks are locked
40:41
into a subsidy but they’re getting the
40:42
use of the channel free and yet they
40:44
have no real power over it they no power
40:46
of what they say etc of course one
40:49
argument technologically is it now at
40:50
UHF and with FM etcetera and table or a
40:54
lot more channels than the normal range
40:56
of challenges increase but the principle
40:57
Scalia the idea that you should
40:59
nationalize something because it’s
41:00
scarce you know completely justify any
41:02
kind of collective of except the air
41:04
which also isn’t collectivize anyway so
41:07
the government owns the air we’ll get to
41:09
that in a minute okay I think I’ve
41:11
already talked about traffic congestion
41:12
is part of recruits of price control but
41:15
here again we have a situation looking
41:16
after another angle the streets in the
41:19
roads are all owned by the government
41:20
there’s no private properties allowed on
41:21
the streets except for few isolated
41:23
communities and again the government has
41:26
no incentive for any kind of rational
41:28
pricing system or any kind of
41:30
preservation Resource or whatever and
41:32
result you have a situation the
41:33
government keeps the price has their own
41:35
price of using the streets ago of course
41:38
of congestion shortages in other words
41:40
trafficking injection especially in
41:42
downtown areas of questioning a rush
41:44
hour etc then the parking pricing is we
41:47
discuss now the various areas of
41:49
so-called overuse in the year capitalist
41:51
depletion we also have other areas where
41:55
part of the conservation or
41:56
the so-called pollution who really very
41:59
different wings for the conservationists
42:01
argument one of the idea of overusing
42:03
ravaging of resource and destruction and
42:05
depletion the other the idea of
42:07
pollution is really two different things
42:08
however the problem is still the same
42:10
pollution comes about or other pollution
42:13
beyond the optimum comes about because
42:15
the government doesn’t allow private
42:16
property to function of these areas some
42:19
house has not been stressful for the
42:21
cause of the pollution problem of the
42:22
media but this is what it boils down to
42:25
how the property is up then either used
42:27
orbitz allowed to exert itself to the
42:29
full we can’t be against old pollution
42:33
period there’s an amazing certain
42:35
optimal degree of pollution for example
42:37
will take littering the beach you have a
42:40
situation have beach communism or where
42:42
the government owns the beaches
42:43
everybody don’t of course litters of the
42:45
beach if any other hand you have private
42:47
ownership of beaches then the private
42:50
owner will have to the Scion is our
42:51
loyalty should I really be a tough pure
42:53
than pipe insist on local pool being
42:57
expelled immediately for any kind of
42:58
littering or should I sort of be look
43:00
the other way allow a little bit of
43:01
littering and be up to him to decide on
43:02
with optimal amount of literary because
43:04
littering is not the only values on
43:06
another mine also wants to maximize the
43:08
revenue and people in the one hand don’t
43:11
want to go to a dirty baking on the hand
43:12
they want to be compressed by some guard
43:14
hanging up breathing down their neck
43:15
goal of times they drop a rapper now
43:18
probably in a free market would be
43:20
different degrees of beaches of you
43:21
really tough beaches we couldn’t can’t
43:23
hardly do anything and other beaches
43:25
would be sort of permissive and can
43:27
literally and stuff around us at
43:29
brennans that people then gravitate it
43:30
what they’re interested in these
43:31
different qualities of beach and
43:33
different prices of beach or some but of
43:36
course when the government comes and you
43:37
have neatly have a uniform sort of thing
43:39
and either you have complete littering
43:40
or else you have the hot hand of fascism
43:42
down your neck arresting you for six
43:44
months or something for litter either a
43:46
complete non use of the resource or also
43:48
a meat ax ax approach which incidentally
43:50
again going back to the traffic
43:52
congestion typical government that they
43:54
set the price of writing the streets at
43:56
zero and then when the traffic tears and
43:59
develops etcetera then they turn for the
44:01
media acts of the solutions and putting
44:03
the prohibits private cars altogether
44:04
which is the mayor of New York is always
44:06
trying to do is always putting
44:07
prohibited old private car from entering
44:09
manhattan it was typical government
44:11
solution of a prom which the government
44:13
itself creates by putting the price of
44:15
zero either a zero price or a pullout
44:17
War II only way the government can look
44:19
at things okay it’s two areas of
44:22
pollution which are particularly of
44:24
course talked about and again we’re the
44:26
anon use of private property provides us
44:28
with a key explanation one is water
44:30
pollution orders are being dead in the
44:33
waters of being destroyed and so forth
44:34
again of course in the case of the
44:36
oceans were already already seeing the
44:37
fact nobody can own parts of the ocean
44:38
so dump sewage out in the ocean without
44:41
any compunction the oil company if you
44:44
will allow oil slick to develop its that
44:46
record nobody owns it a second of all
44:47
the same way with the rivers the river
44:49
is a non owned over there owned by the
44:51
government you have an effect river
44:52
communism nobody really owns the river
44:54
and so everybody dumps sewage in other
44:56
rivers and you have polluted rivers and
44:58
separate and incidentally the main
45:00
culprit on a dumping sewage is none
45:01
other than the municipal sewer system
45:03
the government itself is the major river
45:06
a dumper so what you have is a system
45:07
with essentially municipal governments
45:09
are providing sewage service for free
45:12
but they’re doing a taxpayer the user
45:14
doesn’t really pay for it and then of
45:16
course everybody uses it if this doesn’t
45:18
a curb if you had a proper pricing
45:20
system you have private ownership of the
45:21
rivers and a proper pricing system then
45:24
you would turn more and more two things
45:26
for example like chemical toilets there
45:27
are even right now the technologic later
45:30
has been developed with super chemical
45:31
toilet which completely eliminates all
45:34
pollutants means no pollution gets that
45:35
no water pollution no air pollution no
45:37
nothing but of course it’s going to pay
45:39
for who’s going to buy he’s an
45:40
investment a chemical toilet they can
45:42
turn the good old free usable government
45:44
for the sewage system then the sewage
45:46
system can in turn dump it in a good ol
45:47
free government-owned communist quotes
45:50
river so again we have a situation
45:52
developed with private ownership is not
45:54
allowed in a river resort is an
45:56
important resource as a result of that
45:58
not only is not used properly but
46:00
there’s no incentive to develop
46:01
technology to preserve the river who
46:03
knows if we have the Hudson River or
46:05
owned by a corporation they probably
46:07
would have found their way by this time
46:09
to allow stuff to be dumped on the river
46:10
then quickly clean it up and recycle or
46:12
whatever and preserve the river for all
46:14
these different uses for beaches and for
46:17
of course I mean nobody swum without
46:19
taking my life in my hands the Hudson
46:20
River of about 60 years if the river
46:23
were owned by somebody they would want
46:24
to maximize either the bias value of
46:26
their revenue first of all they usually
46:28
to use the river for the highest
46:30
economic resource and secondly if they
46:31
can possibly do a technologically to
46:33
allow all these things to take place
46:35
industrial use in the recycle of it
46:37
somehow clean it up and then allow the
46:39
beach use and residential use in
46:40
pleasure craft and whatever the Royal
46:43
does exist right now in the western
46:44
states which permit private ownership of
46:46
the rivers there are two kinds of water
46:48
law as the old common law riparian
46:50
coming which pretty unfortunate that
46:52
what it said was again the common law
46:54
was evolved of course in the days when
46:56
the river was not considered a scarce
46:58
resource so you have something like
47:00
freedom of the seas in a sense a few if
47:02
you happen to own a piece of land
47:04
abutting a river then you own that part
47:06
of the river which doesn’t make too much
47:07
sense this is a riparian ownership as a
47:10
result yeah I might have 300,000 owners
47:12
of this river each one only at only
47:14
because he’s happened to be sitting near
47:16
it and looking out at it which doesn’t
47:17
seem to be very useful kind of
47:18
definition of ownership and of course
47:21
you can’t really do much of anything in
47:22
that situation now the other hand this
47:24
riparian waterville has been adopted by
47:26
the eastern state the other hand the
47:28
western states it’s not the simple
47:29
appropriation form of water ownership
47:32
which is almost geared toward this kind
47:34
of private property in river who’ve been
47:35
talking about appropriation theory is
47:37
that person and the Western space is a
47:40
lot of very dry so there’s a lot of use
47:42
of irrigation so forth if you start
47:44
using say ten percent of the flow of the
47:46
river at a certain point then you own
47:48
temper sent you have the rights to
47:49
tempers sign the next guy has the right
47:51
to the second thirty percent or whatever
47:52
they and the allocation there is a sort
47:54
of a private property basis the problem
47:57
is appropriation theory is that the
47:59
first little government regulates it
48:01
very severely you can’t use it for this
48:03
you can’t use that for that separate
48:04
second of all you can’t transfer the
48:06
ownership in other words if I happen to
48:07
have it the rights to the first temper
48:09
son of a river flow I can’t sell it I
48:11
have to give us back finally stopped
48:12
using I have to give it back of the
48:14
government as a result there’s no real
48:15
to them no market has a full private
48:18
property has been allowed even in the
48:19
Western situation that’s pretty clear
48:21
they can start with a Western
48:22
appropriation system and moved pretty
48:24
quickly to a full private property
48:25
either the whole river
48:27
parts of the river the interesting that
48:28
discussed that what the technological
48:31
unit of the river is I’m not really sure
48:33
I’m sure that could be worked out we all
48:35
have the end of mine object in line of
48:38
establishing private property and water
48:40
resources this some of the own Lake Erie
48:43
everybody’s writing about like eerie but
48:45
if somebody really owned it then you
48:46
wouldn’t be able to pollute it because
48:47
you like erie owner would take you to
48:49
court and sue you at cetera they got an
48:52
injunction in order to be able to
48:53
pollute like year you have to make an
48:54
agreement with levi Kieri owner and then
48:56
pay him for allowing you to pollute
48:57
which means that you don’t have the
48:59
optimum amount of pollution quotes in
49:00
other words the polluter is then paying
49:03
for his pollution he’s paying the course
49:04
of it if it becomes too expensive and it
49:07
obviously will become much more
49:08
expensive than at emmaus potion is free
49:10
now you can dump the stuff in Lake Erie
49:12
cuz nobody owns like eerie but somebody
49:14
owned it and then charge you for this
49:16
pollution the amount of pollution
49:17
obviously decrease enormously and
49:19
certainly the amount of invasive
49:20
pollution of where the aggressive
49:21
pollution will decrease 20 or so now is
49:24
whatever it’s hard to know how much it
49:26
is now because nobody owns the river
49:27
that leads us to the final lovely the
49:29
goofiest in a way form of pollution
49:31
which is air pollution what about air
49:34
pollution doesn’t capitalist greed bring
49:35
about air pollution or first place of
49:37
course we can say that one of the worst
49:39
pollution problems of the soviet russia
49:41
cancel a capitalist greed is really
49:43
responsible and second of all perhaps
49:45
the biggest single air polluter is coned
49:47
the monopoly atilla days and so forth
49:49
which are government regulated and
49:50
whatever for the example the free market
49:52
activity however once again what you
49:54
have is a situation where set of
49:57
capitalist read being it for the problem
49:58
that the government has not allowed full
50:00
use of private property namely in your
50:02
lungs and the airspace around your head
50:04
around your orchards and around your
50:06
property this problem first came up in
50:08
the middle of late 19th century of
50:10
factories first came in first factories
50:12
come in saying around mid 19th century
50:14
somebody was son of a factory and they
50:16
both smoke and those days we weren’t
50:17
sophisticated know too much about
50:18
nitrous oxide and all the rest of it but
50:20
they know about smoke boy they can see
50:22
the smoke pour out they can see the
50:24
smoke they could breathe in the smoke
50:25
them like it they can see the smoke
50:26
injure the orchards and the grass the
50:28
trees of the former’s so the farmers
50:31
began to take the factories to court but
50:32
we got to either pay damages or stop it
50:34
and get an injunction against it’s an
50:36
invasion of all property rights at that
50:38
point the courts
50:39
now why they did this nobody really
50:41
knows yet because this whole thing has
50:42
only been investigated very very
50:43
recently when we became interest in air
50:45
pollution the courts began
50:47
systematically to say well we realize
50:49
former Jones that you really write the
50:51
industry is invading your private
50:53
property however that’s too bad however
50:56
something more we know we know this is
50:58
1868 or whatever the year was this
50:59
without progressive no more back in the
51:02
old 18th century hidebound kind of
51:05
framework we now realize there’s
51:07
something more important than private
51:08
property that’s public policy and public
51:10
policy and the common good on the
51:11
general welfare and electrical jazz and
51:13
these things decree the factories are
51:15
good things we can’t allow the
51:16
development of factories to be limited
51:18
and restricted by some crummy farmers
51:20
private property therefore we will
51:22
commit this to continue as
51:24
systematically the law was changed by
51:26
the judges the whole common law system
51:28
of tort law and nuisance law and all the
51:30
things which would have clobbered the
51:31
the polluting factories immediately
51:33
before they hardly got got distorted all
51:35
these laws were changed by the judges
51:37
because before that before they say the
51:39
Civil War period any factory the poor
51:42
smoke and a former suffer could because
51:44
it’s an invasion of property and get
51:45
smashed and the foreman Cohen get an
51:47
injunction stop it and pay damages but
51:50
then they change it systematically to
51:51
say well because public policy industry
51:54
is important cetera they change the law
51:56
to say the factory can only be paid
51:59
damages a separate if the factory is
52:01
pouring more smoke than most of us
52:03
follow factory owners sort of an unusual
52:05
smoke poorer sort of maliciously doing
52:08
it and so forth engine then you can zap
52:10
I’m otherwise you can’t the thing is
52:12
it’s only been discovered within the
52:13
last couple of years this has been done
52:15
the systematic changing by the courts it
52:17
wasn’t really done by statute so much
52:18
about judicial reinterpretation and
52:20
buller izing or common-law now the
52:23
question is why do they do it that
52:24
hasn’t been investigated at all yet this
52:25
is a part right now this is the great
52:27
open area for historical research why do
52:29
they the court systematically do this of
52:31
course i have my own hunches about it
52:33
which is they were in league with the
52:34
manufacturers but that has not yet been
52:37
proven i can only say this is the first
52:39
place i would look if i were doing the
52:40
study up so we have the government
52:44
changing the guidelines saying okay we
52:46
permit invasion of property in this area
52:47
because it’s industry in factories in
52:49
port what’s happened is over the last
52:51
hundred years is
52:52
the whole technology is of course year
52:54
toward a polluting technology or air
52:56
pollution technology my favorite analogy
52:58
on this is supposing the courts decide
53:00
when trucks were first coming in early
53:02
20th century there was a traffic jam of
53:04
trucks are cutting across people who lon
53:06
in order to get to the other Street
53:07
people would take the truck the court
53:09
and the court would say well it’s too
53:11
bad about your Laurent it’s really we
53:13
really we provide it and so forth but
53:14
it’s really more important for the
53:16
society if you get the truck through and
53:18
so therefore the truck isn’t really
53:19
doing is significantly more damaging one
53:22
than other trucks will allow them to
53:23
keep doing it if that were true by this
53:25
time you have a big low on crushing
53:26
technology and nobody have any loans or
53:28
the trucks would be zipping over
53:29
everybody’s property the whole system
53:31
would be geared to it and the same thing
53:34
has happened in this industry now
53:35
because the because of the legal
53:36
structure has been changed because
53:37
invasive pollution have been paired to
53:40
be free and permitted by the courts
53:42
industrial technology has been gear in
53:44
that direction what we have to do is to
53:45
change this and Babbage private property
53:48
once again and people’s air and long as
53:51
an orchard etc so that technology will
53:54
be then redirected toward a
53:55
non-polluting non-invasive to
53:57
non-polluting technology but it was the
53:58
government that set this whole thing up
54:00
by changing the common law structure we
54:04
see in every area that something
54:06
peculiar has happened on the market
54:08
either a ravaging of a resource undo
54:10
depletion pollution some way the market
54:13
hasn’t really functioned it hasn’t been
54:15
because of the market hasn’t been
54:16
because of capitalist greed so precisely
54:18
because the market and private property
54:19
has not been allowed a function or the
54:21
government itself pull upon the
54:23
government itself is either remedying is
54:24
like in one of my favorite analogy call
54:26
upon a fox pagar the chicken coop
54:28
against predation that’s obviously the
54:31
government does the main problem in this
54:33
whole business and we then call upon the
54:35
government to allow private property a
54:36
function in these areas as it has
54:38
allowed other areas or at least even
54:40
more so at least to catch up for the
54:42
other areas of the market that we don’t
54:44
have these extra problems messing up the
54:46
system thank you messing up the system
54:50
thank you messing up the system thank
54:53
you messing up the system thank you
54:57
messing up the system thank you
55:00
messing up the system thank you

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