The Free Market is More Environmentally Friendly

Samizdata: Shhh! Don’t tell Mugabe by Alex Singleton

Daniel Hannan, writing on his Telegraph blog, gives a good example of how the free market is more environmentally-friendly than state ownership:

Kenya banned the killing of elephants in 1979, effectively nationalising its herd. At around the same time, Rhodesia (as it still was) made elephants the property of those whose land they were on. The result? Thirty years on, Kenyan elephants have been all but wiped out, while Zimbabwe’s are as numerous as ever.

People say that the market promotes selfishness, but it turns out that it is when things are owned collectively that greed thrives.