Sharks and the Tragedy of the Commons

The global shark population may be sharply declining, according to an article in the Washington Post. Actually, the article never quite gives a number for the global population, but it does warn that “something must be done to prevent sharks from disappearing from the planet.” And there are suggestive reports like this:

In March, a team of Canadian and U.S. scientists calculated that between 1970 and 2005, the number of scalloped hammerhead and tiger sharks may have declined by more than 97 percent along the East Coast, and that the population of bull, dusky and smooth hammerhead sharks dropped by more than 99 percent. Globally, 16 percent of 328 surveyed shark species are described by the World Conservation Union as threatened with extinction.

Post reporter Juliet Eilperin notes that shark attacks can be big news, but in reality sharks kill about 4 people a year worldwide, while people kill “26 million to 73 million sharks annually.”

Why kill sharks To make money, of course, mostly for the Asian delicacy shark-fin soup. Shark fins are much more valuable than shark meat. Mexican shark hunters say they get $100 a kilogram for shark fins but only $1.50 a kilo for meat.

Unlike fish that reproduce in large numbers starting at an early age, most sharks take years to reach sexual maturity and produce only a few offspring at a time. Shark fishermen also tend to target pregnant females, which are more profitable because they are larger. As a result, said Michael Sutton, director of the Monterey Bay Aquarium’s Center for the Future of the Oceans, “there is no such thing as a sustainable shark fishery.”

So OK, here’s where Eilperin should have said, “Wait a minute . . . if there’s money to be made, why would greedy capitalists want to destroy the goose that lays the golden egg Shouldn’t they want to maximize their long-term profits ” And if she had, she might have run into a concept called “the tragedy of the commons.” Owners try to maximize the long-term value of their property. Timber owners don’t cut down all the trees and sell them this year; they cut and replant at a sustainable rate. But when people don’t own things, they have no incentive to maintain the long-term value. That’s why passenger pigeons went extinct, but chickens did not; why the buffalo was nearly exterminated but not the cow. (more…)

Posted on May 28, 2007  Posted to Cato@Liberty,Economics & Economic Philosophy,Environment & Climate,Int'l Economics & Development,Libertarian Philosophy

U Should’ve Known Better

Perhaps future presidents will decide that young women named Monica look good at the beginning but always end in disaster.

President Bush must have been tempted to bomb an aspirin factory yesterday.

Posted on May 24, 2007  Posted to Cato@Liberty,Government & Politics

Pet Rocks, Leisure Suits, and Oil Companies

The often sensible business columnist at the Washington Post, Steven Pearlstein, has a really bad idea today: “Put the government into the oil business.” He wants to create a federal oil company that would be required to “operate at only a modest profit, while doing everything in its power to expand supply, smooth prices and expose collusive behavior.”

I can only wonder if the maid cleaned his desk and accidentally left a 1970s folder on top. Back in the 70s Democrats kept talking about creating a national oil company to “use as a yardstick” to measure the performance of the oil companies. One wag noted at the time that Gulf Oil was going to buy Ringling Brothers and Barnum & Bailey Circus to use as a yardstick by which to measure the federal government.

Gas prices go up and down, as Jerry Taylor and Peter Van Doren have discussed. If prices are being held above market levels by some sort of collusion, then you wouldn’t need a tax-funded government company to offer lower prices; profit-seeking entrepreneurs could do it. Let’s leave the 70s be, and watch for high prices to stimulate conservation, exploration, and alternative sources of energy.

Posted on May 23, 2007  Posted to Cato@Liberty,Energy

A Brave Heart for Atlas Shrugged

Randall Wallace’s script for the movie Atlas Shrugged is 129 pages long, according to an interview in Script magazine. That seems pretty short for such a massive novel. According to one TV critic, “On a two-hour movie, the average screenplay runs 120 pages. Maybe 125. For ‘A Few Good Men,’ [the famously dialogue-heavy] Aaron Sorkin’s weighed in at 149. For ‘Schindler’s List,’ on which he did a final ‘dialogue polish’: 183 pages.” I don’t think they’re going to include John Galt’s Speech.

Wallace says he has finished the screenplay, and it’s been “greenlit” by the studio. Angelina Jolie has been signed to play Dagny Taggart, and the movie may be in theaters next summer.

Wallace was nominated for an Oscar for his script for Braveheart, another movie popular with many libertarians. He first read the novel when his son at Duke University recommended it. Wallace gave his son C. S. Lewis’s Mere Christianity, which suggests some interesting dinner-table conversations. (He’s also writing a screenplay for Lewis’s Screwtape Letters.)

Wallace found a familiar theme in Atlas Shrugged:

The assertion that change occurs when heroic individuals are willing to stand up–and further, that people in the herd want to be heroic individuals but aren’t encouraged to do so until they find a leader worth following–is very much in Braveheart, and it’s something thoroughly ingrained in the American psyche.

Wallace himself does not claim to be an Objectivist or a libertarian. He seems to be more enamored with the idea of great ideas than with the ideas themselves. And many fans of Atlas Shrugged are going to be skeptical that you can capture its essence in two hours. But I think Wallace is correct to say that a movie is not a book on screen. It has to be a creative work in its own medium. If it works well, it will introduce the ideas and the book to millions of new readers.

Wallace may direct the movie as well. The New York Times tells the story of the 35-year struggle to bring Atlas Shrugged to the big screen, with key roles played by Godfather producer Albert Ruddy and Objectivist businessman John Aglialaro. Script magazine is here, but the Wallace interview is not online.

Posted on May 23, 2007  Posted to Cato@Liberty,General,Libertarian Philosophy

Washington–the Anti-Economic Center

“Two West Coast senators are leading an effort to increase the number of cross-country flights out of [convenient but overcrowded] Reagan National Airport, a move that could lead to more noise over neighborhoods and jam already filled parking lots,” reports the Washington Post.

Sens. Gordon Smith (R-Ore.) and Maria Cantwell (D-Wash.) have amended a Federal Aviation Administration reauthorization bill to allow up to 20 additional takeoffs and landings a day.

“It’s about connecting West and East Coast economic centers,” said R.C. Hammond, spokesman for Smith, elaborating on the senator’s motivation for the amendment.

Actually, Washington isn’t really an economic center. It’s more like an anti-economic center. Washington doesn’t do business, it impedes business, and subsidizes business, and regulates business, and cripples business. New York, Baltimore, Atlanta — those are East Coast economic centers. Not Washington, the city of lobbyists and government contractors.

Just what is it that businesspeople from Seattle and Portland would come to Washington for They’d go to New York and Atlanta to make business deals. But they’d come to Washington to lobby for subsidies, or for regulations on their competitors, or to try to get a piece of the $2.9 trillion federal budget. But not to do actual wealth-creating business in the marketplace.

Some people say that West Coast senators want direct flights from National Airport to their home towns to make travel more convenient for them. If so, they should say so. But don’t tell us that the country would benefit from more Lobby Express flights.

Posted on May 19, 2007  Posted to Cato@Liberty,Economics & Economic Philosophy,Government & Politics

Fighting for Earmarks

“Republicans will seek a House vote next week admonishing a senior Democrat who they say threatened a GOP member’s spending projects in a noisy exchange in the House chamber, Minority Leader John Boehner said Friday,” according to the AP.

Their target is Rep. John P. Murtha, D-Pa., a 35-year House veteran who chairs the appropriations subcommittee on military spending.

Murtha, 74, is known for his gruff manner and fondness for earmarks — carefully targeted spending items placed in appropriations bills to benefit a specific lawmaker or favorite constituent group.

During a series of House votes Thursday, Murtha walked to the chamber’s Republican side to confront Rep. Mike Rogers, R-Mich., a 43-year-old former FBI agent. Earlier this month, Rogers had tried unsuccessfully to strike a Murtha earmark from an intelligence spending bill. The item would restore $23 million for the National Drug Intelligence Center, a facility in Murtha’s Pennsylvania district that some Republicans say is unneeded.

According to Rogers’ account, which Murtha did not dispute, the Democrat angrily told Rogers he should never seek earmarks of his own because “you’re not going to get any, now or forever.”

“This was clearly designed to try to intimidate me,” Rogers said in an interview Friday. “He said it loud enough for other people to hear.”

Now it’s true that there’s a House rule that prohibits “lawmakers from placing conditions on earmarks or targeted tax benefits that are based on another member’s votes.” Wouldn’t want anybody to oppose your earmarks just because you opposed his.

But really — after they lost control of Congress partly because of their profligate spending and their multiplying earmarks — this is what Republicans choose to fight over They’re going to draw a line in the sand on C-SPAN to defend Mike Rogers’s right to put special-interest earmarks in appropriations bills That ought to bring the independent and libertarian and small-government voters streaming back.

Posted on May 19, 2007  Posted to Budget & Tax Policy,Cato@Liberty,General,Government & Politics

Hagel Inches Closer to a Run

Chuck Hagel dropped another veil or two this week in his long tease about running for president. (In Thursday’s Washington Post, Dana Milbank uses both the “Hamlet” and “showing a little leg” metaphors, so I needed something different.) On Sunday’s “Face the Nation” he talked about the need for new leadership and speculated about running on a ticket with New York mayor Michael Bloomberg. Then on Wednesday he somewhat belatedly called for the resignation of Attorney General Alberto Gonzales. And on the same day he gave a speech to the Center for National Policy (a non-partisan think tank run by former Democratic Party officeholders). Milbank reports that he delivered a speech about foreign policy and other problems, complete with lots of speculation about the viability of an independent candidacy in this “perfect storm” of an election year.

If Hagel should run, voters would see a commonsense Midwestern conservative who voted against Bush’s trillion-dollar expansion of Medicare and against his federalization of education, against his friend John McCain’s attempt to outlaw criticism of politicians, and for the Bush tax cuts. Unfortunately, from my perspective, he also voted for the Patriot Act, the Federal Marriage Amendment, and the authorization for war in Iraq. But he’s had second thoughts about some of those. He’s a solid free-trader, though he sometimes votes for a few too many trade subsidies.

But if he hooks up with Bloomberg, who’s on top–the experienced senator with foreign policy credentials or the competent mayor with a billion dollars They seem to have very different views on lots of issues; Bloomberg is for gun control and all manner of nanny-state provisions, for instance. It’s hard to know if you want Bloomberg and Hagel in the White House until you know who’ll have the Oval Office.

Posted on May 17, 2007  Posted to Cato@Liberty,General,Government & Politics

What’s Legal at the New York Times?

The New York Times reports that Venezuelan president Hugo Chavez “is carrying out what may become the largest forced land redistribution in Venezuela’s history…in a process that is both brutal and legal.” In what way is this process legal The article never says. Presumably the Venezuelan congress has passed legislation authorizing the seizure and redistribution of land. But Chavez controls all 167 members of the National Assembly, and the Assembly has granted him the power to rule by decree. It’s hard to call anything in Venezuela “legal” at this point. One might as well say that Stalin’s executions or Pinochet’s disappearances were “legal.” (And by the way, have you noticed that the Times always refers to Pinochet as a dictator, but to Chavez and Fidel Castro as President or leader )

If the term “legal” has any meaning other than “the ruler has the power to do it,” then it means that something is done in accordance with the law. The Oxford English Dictionary defines law as “the body of rules, whether proceeding from formal enactment or from custom, which a particular state or community recognizes as binding on its members or subjects.” One of the key elements of law is that it provides stability and certainty. I doubt that all the people of Venezuela recognize land seizures as proceeding in accordance with a body of rules. And certainly the arbitrary rule of a president or a rubber-stamp congress does not provide any certainty in the law.

At least the Times paused to tell us that the process was legal, even if it failed to specify just how. The Wall Street Journal article on the same topic doesn’t bother to consider the question of legality; perhaps that’s just a clearer recognition that in Venezuela there is no law, there is only Chavez.

And the rest of the Times article makes the process pretty clear:

The squatters arrive before dawn with machetes and rifles, surround the well-ordered rows of sugar cane and threaten to kill anyone who interferes. Then they light a match to the crops and declare the land their own….

Mr. Chávez’s supporters have formed thousands of state-financed cooperatives to wrest farms and cattle ranches from private owners. Landowners say compensation is hard to obtain. Local officials describe the land seizures as paving stones on “the road to socialism.”

“This is agrarian terrorism encouraged by the state,” said Fhandor Quiroga, a landowner and head of Yaracuy’s chamber of commerce, pointing to dozens of kidnappings of landowners by armed gangs in the last two years….

But while some of the newly settled farming communities are euphoric, landowners are jittery. Economists say the land reform may have the opposite effect of what Mr. Chavez intends, and make the country more dependent on imported food than before.

The uncertainties and disruptions of the land seizures have led to lower investment by some farmers. Production of some foods has been relatively flat, adding to shortages of items like sugar, economists say.

John R. Hines Freyre, who owns Yaracuy’s largest sugar-cane farm, is now trying desperately to sell the property and others in neighboring states. “No one wants this property, of course, because they know we’re about to be invaded,” said Mr. Hines, 69….

“The double talk from the highest levels is absurd,” Mr. Machado said. “By enhancing the state’s power, the reforms we’re witnessing now are a mechanism to perpetuate poverty in the countryside.”

To be sure, the Times does stress the concentration of land ownership in Venezuela and the delight of many of the squatters at getting the seized land. But it’s a balanced article, other than that pesky word “legal.”

As I’ve written before, too many journalists are treating Chavez’s growing dictatorship in a guarded way. They report what’s happening — nationalizations, land seizures, the unanimous assembly, the rule by decree, the demand to repeal presidential term limits, the installation of military officers throughout the government, the packing of the courts — but they still treat it as normal politics and even report with a straight face that “Chavez stresses that Venezuela will remain a democracy.” Some law, some democracy.

Posted on May 17, 2007  Posted to Cato@Liberty,General,Int'l Economics & Development,Law & Legal Issues,Libertarian Philosophy

Public Opinion?

This week I’m getting emailed press releases telling me that “94% of international teens want the US to address global warming more aggressively. “If you read waaaay down in the email, you discover that it was an online survey of 250 teens who — it appears — mostly attend U.S. schools. So maybe the striking headline is just a teensy bit of a stretch.

But if it were a scientifically valid survey of actual teenagers around the actual world, one might still say: So 94 percent of teenagers in other countries — that is, respondents who don’t pay taxes and haven’t studied either climatology or economics and aren’t looking for a job — and if they did pay taxes or look for a job, wouldn’t do so in the United States — think that the United States should hobble its economy in the name of something that vaguely sounds scary. And we should care because…

Posted on May 16, 2007  Posted to Cato@Liberty,Environment & Climate,General

All Walls Are Not Created Equal

On NPR, Daniel Schorr compares the proposed wall along the southern border of the United States to the Berlin Wall and tells us, in the words of Robert Frost, “something there is that doesn’t love a wall.”

I sympathize with him. I don’t like the idea of building a wall around the United States, either. Since the Boazes arrived in America in 1747, we have seen the country prosper as the Buchanans, the Tancredos, the Dobbses, the Maglalangs, the Brimelows, the Arpaios, and millions of others arrived on these shores and were welcomed into the country that my ancestors helped to create in 1776 and 1787.

But there’s a problem with Schorr’s analogy. The Berlin Wall was designed to keep citizens in. The wall (or fence) along our southern border is intended to keep non-citizens out. There’s a very real difference. The Berlin Wall declares that the people of East Germany are the property of the East German state and are not free to live anywhere in the world other than East Germany. The Border Fence merely says that non-U.S. citizens can’t enter the United States without permission; as far as the U.S. government is concerned, they’re free to travel or live anywhere in the world except the United States.

Daniel Schorr might ponder this: He lives in a house with four strong walls and secure locks on the door. He reserves the right to bar entry to his house to anyone, and that helps to protect his life, liberty, and property. But a building with walls and locks to keep people in is called a jail.

As I said, I too don’t want a wall around the United States. But we need better arguments against it than flawed analogies.

Posted on May 13, 2007  Posted to Cato@Liberty,General,Trade

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