So is it really the case that liberty and the environment are simply opposed? Does the good of one come only at the expense of the other? Or can liberty and a flourishing natural environment reinforce one another, the good of one encouraging the good of the other? Can economic activity under a system of liberty be environmentally sustainable in the long run?
Ronald Bailey tackles the impact, pro and con, of sustained economic growth on our environment. Through detailed research and objective observation of opposing viewpoints, Bailey concludes the following…
These findings point not toward breaking but strengthening markets: we need to institute mechanisms that allow markets to price in global externalities, bringing to bear the forces that have worked so well for costs that are already internalized to property owners, like local land loss and pollution cleanup. How this will work in practice is a subject well worth debating. But those debates should begin with the following fundamental points of agreement, drawn from history and economics. Free markets are the most robust mechanism ever devised by humanity for delivering rapid feedback on how decisions turn out. Profits and losses discipline people to learn quickly from and fix their mistakes. By contrast, top-down bureaucratization tends to stall innovation and to make it more difficult for people and societies to adapt rapidly to changing conditions, economic and ecological. Centrally planned economies fail; centrally planning the world’s ecology will fail as well. Our aim must be to find ways for liberty and the environment to flourish together, not to sacrifice one in the vain hope of protecting the other.
The whole article can be read here… https://www.thenewatlantis.com/publications/liberty-and-the-environment
Ronald Bailey is the science correspondent for Reason magazine. This article is adapted from a lecture delivered at the Reconciling Ecology and Economics conference hosted by the Property and Environment Research Center in 2013.
Lack of proper and required silt fencing and general maintenance leads to partially clogged storm drains. I have documented this environmental negligence for nearly 2 years.
Valley Development of Vienna, Virginia has proven to be an absentee slumlord. Google the hashtag #cedarvalejustice as further evidence of corporate environmental malfeasance.
This Veteran’s Day, I honor my father, M.D. Hill.
Dad served in the Korean War onboard the USS Henry W. Tucker DD 875.
He was blessed enough to come home from military action and he lived the American Dream. He started a family, built an electrical business from scratch, employing hundreds of people during 31 years of being in business.
He and my mother scrimped and saved and invested their capital in land here in the Pioneer Mills community. This investment was wise and was intended to fund my parent’s retirement.
Being good neighbors, they allowed a right-of-way for a sewer line extension across their property to allow our good neighbors, Freeman and Helen Jones to develop their Cedarvale Farm property.
My parents only asked for a modest compensation. The developer would construct a “Grantor Sewer Line”, which would allow my parents to develop their property as they saw fit.
The deadline for constructing this sewer line was August 30, 2007. Over 11 years later, still no sewer line…