Fo Shizzle
Pragmatic Classical Liberal
Posts: 42,023
Joined: Dec 2006
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I Root For: ECU PIRATES
Location: North Carolina
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RE: Can Obama overcome his inept energy policy?
(02-20-2012 06:56 PM)Owl 69/70/75 Wrote: (02-20-2012 01:03 PM)HuskieFan84 Wrote: Who is going to hold them to these more stringent standards that you support? Who is going to do this regulation? Clearly consumers aren't.. so what's your alternative solution?
Two places:
1) Government, actually. You can have stricter substantive standards at the same time you have less complicated procedures. Norway has far stricter standards on offshore drilling, but you can get a well approved in about 1/10 the time becuase the procedures are streamlined. Companies would rather drill in the Norwegian North Sea and pay extra to comply with the stricter standards because being able to get results with more speed and certainty is a bigger consideration. More complicated procedures exist not to protect the environment or endangered species or the planet, but rather to protect the jobs of environmental lawyers, consultants, and bureaucrats.
2) The private sector, if we create property rights which make it easier to sue polluters. There is no doubt that such a system would impose tougher standards than what we have now.
Thanks Owl.....Although I favor total market solutions to this...I understand that is impossible under our current paradigm at this point.
Here is my solution. Industry already has come together to set standards. Without this cooperation you could not buy a bolt that would fit a nut. Chaos does not exist in industry because those in search of profit know that it is not in their best interest to have multiple competing standards. The same can be applied across the board....including environmental issues. This paradigm..in conjunction with strong tort laws that protect private property against pollution would be MORE stringent and MORE adhered to than the governmental mandates we currently have. WHY?...because property owners would be very proactive in protecting their property and businesses would be very sensitive to not violating that property for fear of being litigated against and having consumers remove patronage due to their practices.
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02-20-2012 10:12 PM |
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