schweicks88
Member
- Joined
- Dec 4, 2007
- Messages
- 29
Under a Ron Paul free market, how would he tackle the issue of common pool resources. Sure privatization, internalization, the legal system, and the Coase theorem can be private solutions for small-scale commons, but how can these work for larger-scale common pool resources. I am referring to commons like fishing in seas or oceans, or drilling from oil pools. It seems to me that the competition of free market systems would remedy common pool resources only after its too late. How would Ron Paul or another free market advocate solve this issue?