Honest question from the uninitiated: Why don't Libertarians support environmental regulation?
I generally think of the Libertarians as the most financially sophisticated of all the political parties. I get confused, however, when I frequently see opposition to environmental regulation.
I understand the viewpoint that government should be kept as small as possible, but environmental regulation seems like an ideal role for the government from a fiscally responsible standpoint (i.e. environmental regulation saves the US money).
A simple example: a factory has no environmental regulations, adds $100k in value to the economy. As part of it's business practice it dumps waste into the bay, killing off the fish and ruining a fishing industry that adds $300k to the economy. As long as enforcement of the regulation is less than the value added of having the regulation then this seems the smartest way to go.
But there's also the ethical perspective: does the government have the right to tell a factory how to run its business? I would say no, so long as the factory was not harming anyone else by its actions. But pollution is harming other people, lots of them. The factory makes a profit off of the harming of other people through pollution, and so that cost should be shifted back to factory in the interest of fairness. Usually we would tell people to sue, but this is often not a practical solution due to difficulties in proving causation, the awareness of the victims that they've been harmed, and the wide dispersion of the victims.
It seems to me the government is acting responsibly in protecting its citizens from harm, I'm not sure why the polluters deserve any sympathy or special privileges.
I would love to hear your thoughts.
Posted May 27, 2011, 6:05 PM UTC
Since the US government is one of the biggest polluters in the world, I tend to not take them seriously when they want to "protect" the environment.