Free Market

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FREE MARKET ENVIRONMENTALISM Free market environmentalism is the political position that argues that the free market, property rights, and tort law provide the best means of preserving and saving the environment, internalizing costs, and conserving resources. Many argue that free markets can be more successful than government and this has been proven to be true throughout history. Although free market environmentalism can work, this point of view is kind of sketch because many of the environmental problems stem from market failure. In the traditional view, many environmental problems are caused by decision makers who reduce costs by polluting on those who are downwind. Other environmental problems come from private decision makers failing to produce public goods, such as preserving a national park(Stroup, Richard: Free-Market Environmentalism). For markets to work in the environmental field, rights to each important resource must be clearly defined, easily defended against invasion, and transferable by owners on terms of buyer and seller(Stroup, Richard: Free-Market Environmentalism). Many well-functioning markets require property rights. This allows people to defend themselves against pollution and a standard is set by the community on how much is acceptable. In local communities these standards are often different because many of the people with similar views cluster together. There are not only standards set for air pollution but in some states and local communities people set standards to fight “noise pollution” as well. It is safe to say that most environmental problems result from a disturbance in or lack of property rights. When rights to resources are defined and easily defended against invasion, all individual corporations, whether polluters or victims, have an incentive to avoid pollution problems. This is especially effective in the case of…...

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