Posts Tagged ‘profit motive’

Nick Gillespie

Reason.tv: How to Save a Dying Ocean (Hint: Stop Treating it Like a Public Restroom)

by Nick Gillespie

The Gulf of Mexico continues to gush oil just as a whaling controversy threatens to land Australia and Japan in international court for killing protected species. Meanwhile, another less-publicized but arguably more cataclysmic oceanic disaster continues to worsen.

Overfishing threatens to destroy most of the world’s fisheries within a matter of decades. But while it’s proven difficult to save the gulf or save the whales, we know how to save the fish: Stop treating the ocean like a public bathroom, says Christopher Costello, a professor of natural resource economics at UC Santa Barbara.

Director Louis Psihoyos and his team of filmmakers embarked on an elaborate sting operation to expose Japan’s illegal dolphin hunters. The result is a documentary called The Cove, which took home the Oscar for best documentary. And days after the Academy Awards Psihoyos was back stirring things up.

Using the same cameras that were used to expose illegal dolphin hunters, Psihoyos and his team busted The Hump, a Santa Monica, California restaurant that had secretly been serving sushi made from the endangered sei whale.

“Everything in the ocean from the great whales to dolphins to plankton is being jeopardized,” Psihoyos tells Reason.tv. “We’re raping and harvesting the ocean unsustainably.”

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Thomas Del Beccaro

Health Care ‘Reform:’ $500 Hammers and the Reverse Economies of Bureaucratic Scales

by Thomas Del Beccaro

At the center of the health care debate is the simple – but profound – question of whether government can deliver services, in this case health care services, better than private enterprise sensibly regulated.   President Obama clearly believes that the ‘public option will not only be more equitable but more efficient as well – a claim he made when he spoke to the Joint Session of Congress earlier this year.  Of course, nothing could be further from the truth.

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The reason Obama is wrong, and the Left in general on issues of public options versus private enterprise, is simple human nature.  When it comes to such matters, it was never so well explained as by the legendary Milton Friedman:

“There are four ways in which you can spend money.  You can spend your own money on yourself. When you do that, why then you really watch out what you’re doing, and you try to get the most for your money. Then you can spend your own money on somebody else.  For example, I buy a birthday present for someone.  Well, then I’m not so careful about the content of the present, but I’m very careful about the cost.  Then, I can spend somebody else’s money on myself.  And if I spend somebody else’s money on myself, then I’m sure going to have a good lunch!  Finally, I can spend somebody else’s money on somebody else.  And if I spend somebody else’s money on somebody else, I’m not concerned about how much it is, and I’m not concerned about what I get.  And that’s government.”

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