Friday, April 01, 2005

Let my markets go!

I half-expect Kofi Annan to pop up from the shrubbery with a Ronald Reagan mask, crying "April Fool!" in the wake of this news from the UN. Not that the entire article is happy fun times, as there are deforestation and environmental degradation in the poorer parts of the world, but one of the suggested mechanisms for fighting it is... no, really... private ownership. The theory is that if a person has assets, that person will guard them and seek to maximize their potential, rather than simply let it be wasted.

It seems that free markets might not be the tool of Lucifer, after all.

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