Sunday, May 29, 2011

Socialism is worse for the environment than capitalism

This is a post in Ed Dolan's blog. It is an excerpt from the 40th Anniversary edition of his book, TANSTAAFL (There Ain't No Such Thing As A Free Lunch.)

In the post he discusses how property rights are key to a cleaner environment. If everything is the commons as it is in socialism everything usually ends up tragedy.

He sites the example of the Aral Sea (among others) in what was the Soviet Union. Once the 4th largest lake in the world, it is now the 31st largest due to the diversion of rivers by the state for collectivist agriculture.

It wasn't evil corporations that caused perhaps the greatest ecological disaster in the world, it was central planners acting in the "public intereest."

Click here for Ed's blog

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Nick Sorrentino is the Editor of The Liberty and Economics Review and CEO of a social media management company.