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Essay / Research Paper Abstract
A 3 page research paper that discusses the argument that environmental regulations unnecessarily limit private property rights. The writer argues in favor of free market environmentalism. Bibliography lists 3 sources.
Page Count:
3 pages (~225 words per page)
File: D0_khenvreg.rtf
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Unformatted sample text from the term paper:
and water by large corporations. However, this is simply not the case. Examination of this issue shows that government regulations, often, does not serve the cause of good ecological management
and, therefore, unnecessarily limit private property rights. Evidence shows that free-market environmentalism, which focuses on markets as the solution to environmental problems, is more successful than governments
in solving pollution problems (Stroup, 2002). Historically, environmental problems have been viewed as a form of market failure. In this traditional perspective, pollution problems are viewed as being
caused by business managers who reduce their costs by polluting those who are either downwind or downstream. While the problem of pollution is quite real, there is a growing body
of evidence that suggests that governments frequently fail to control pollution at reasonable cost and that the private sector is often more responsive to environmental needs (Stroup, 2002). In
order for market forces to control pollution concerns, rights to important resources must be "clearly defined, easily defended against a invasion and divestible (transferable) by owners on terms agreeable to
buyer and seller" (Stroup, 2002). When these requirements are met, no one is forced to accept pollution beyond limits acceptable to the community at-large and this is precisely because private
property rights take precedence over other considerations. Under such a system each individual has the right to guard against invasion of personal property (Stroup, 2002). For example, in Great
Britain -- unlike the US-- the right to fish for sport and commerce is a privately owned, transferable right (Stroup, 2002). This means that the owners of fishing rights
can sue polluters of streams and rivers and these rights are vigorously defended (Stroup, 2002). Even small anglers clubs, whose members have modest means have been known to take
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