Monday, March 22, 2010

Property Rights and Whale Wars - Jeremiah Dyke - Mises Institute

Property Rights and Whale Wars - Jeremiah Dyke - Mises Institute: "Only within the sphere of communal property could two vessels manage to collide in the vast openness of the Antarctic Ocean — an ocean of nearly 21 million square kilometers. Only within the sphere of communal property could such a collision leave all parties faultless."

"Conservationists are actually gambling with the whales' prospects of survival by concentrating their efforts on a war against whaling, instead of embracing solutions to the problem of supply, such as whale breeding.

Simply limiting the supply of whales only increases the price per unit of whale on the market. Fisherman who would normally seek other ocean inhabitants may actually be enticed to hunt whales, instead of fish, by the new, inflated price."

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