Capitalism 101: Pro-Freedom Solutions to "Problems of the Commons" | Yaron Brook Show

00:00 Intro
01:05 Show is sponsored by Alex Epstein
02:23 2 Approaches in Literature
04:40 Caveat
06:20 Environmentalism is package deal
07:38 Problems of the Commons
10:06 Simple answer - property rights
15:15 Ownership of the water
20:26 Acquiring a property rights over rivers
31:08 How should government sell them off?
33:58 Fishing rights
35:45 Pollution
37:28 Oceans
47:20 Plastic pollution

49:10 Thinking of a publically traded Lake Erie. Shares of ownership. Similar to privatizing highways— potential of income via it’s resources.. salmon, minerals, income from use, transportation (ezpassfor water access, for example)
50:07 if you can get past the anarcho-capitalist elements, there is a good book called Water Capitalism, written by some Austrian economists last decade

50:35 Solution to water pollution
55:15 Air pollution
1:00:48 Right to air on property?
1:01:18 Smog in LA
1:07:33 Nuclear Energy
1:12:20 Pipelines & Eminent domain

Live Questions:
1:23:21 Can you distinguish any differences between the words 'rights' and 'agreements' or are their meanings the same?
1:25:44 Capitalists not only can innovate to clean up pollution, but the innovate in ways that reduce pollution in the first place. Computers eliminating the need for most file cabinets full of paper come to mind.
1:27:10 Would a valid environmental solution be for a third party that wants to prevent a person from cutting trees pay the owner for land management?
1:28:10 Salutations! As an update, Microsoft won against FTC! The A-B deal can go through, despite the UK CMA. There is optimism for Amazon in light of this.
1:28:28 "I don't know" this I why I admire you but when you do know. that's why I watch
1:28:47 If one builds a huge ocean platform, do they own the water/land/oil/fish/reefs/volcanoes/trenches below/around it? How deep/wide does the deed go?
1:30:00 A lot of people like birds. How could birds fit in with private ownership?
1:31:35 Environmentalism is nothing but anti human nihilism. Is philosophic nihilism the premise that there are no truths? "Burn it all down" is the necessary psychological consequence?
1:33:02 Are environmentalists the most vicious and nasty of leftists? You see it in the chat.
1:34:24 To dig earth, chop trees, and tame animals
1:34:41 what role could "exclusion" play in manahing pollution through capitalism? Block has written much on this. but modern statists and economists resist change. Perhaps these fools can be excluded too?
1:35:42 If government sells land to private parties, what keeps it from turning around and seizing the land? If the sale includes an agreement to prevent that, who enforces it?
1:37:28 You mentioned that some people are pure evil and pure good. The reason I brought that up was bc Yeonmi Park brought up how not everyone is pure evil. Even the man who bought her as a sex slave gave her papers to escape to South Korea and showed moments of compassion.
1:39:44 Because communists don't create value and I create value. Go produce something people want communists.
1:39:58 Can mathematics operate divorced from observations in reality?

1:40:43 Outro

Show is Sponsored by https://www.expressvpn.com/yaron & https://www.fountainheadcasts.com

Join this channel to get access to perks:
https://www.youtube.com/@YaronBrook/join

Like what you hear? Like, share, and subscribe to stay updated on new videos and help promote the Yaron Brook Show: https://bit.ly/3ztPxTx

Support the Show and become a sponsor: https://www.patreon.com/YaronBrookShow

Or make a one-time donation: https://bit.ly/2RZOyJJ

Continue the discussion by following Yaron on Twitter (https://bit.ly/3iMGl6z) and Facebook (https://bit.ly/3vvWDDC )

Want to learn more about Ayn Rand and Objectivism? Visit the Ayn Rand Institute: https://bit.ly/35qoEC3

#environmentalism #environment #nature #privateproperty #individualrights #USA #individualism #capitalism ​#Objectivism #AynRand #politics