Luckily for us, the greenhouse effect on earth is much weaker than that of Venus. Still, the burning of fossil fuels adds CO₂ to the atmosphere which strengthens the effect, and since population growth is exponential, so too is our consumption of fossil fuels. This is not good a situation.





Property at low elevations are most immediately threatened. Most of Bangledesh is near sea level. So too are many of the multi-million dollar beach resorts lining Florida’s Atlantic coast. The former case is particularly ominous as it may strain what is already an unstable relationship. Current muslim migration from Dhaka into eastern India has already touched off nationalist hindu sentiments and global warming will only increase the flood of refugees.





Climate change is also effecting global commerce. Sea lanes normally blocked by ice are opening up in the Arctic Ocean. This is rearranging global shipping routes and making the extraction of previously unavailable fossil fuels a real possibility. Although this can be a blessing for the consumer in terms of lower prices, it also means more competition among states who now claim territory in the Arctic like bloods and cryps claim territory in LA. Nor will the use of additional fossil fuels help resolve global warming.





So what’s the fix? Surely a problem of this magnitude requires the coordination of billions of individuals, and that sort of structuring can only come from governments, no?









The answer is simple really. Property rights.





If the Bangledeshi farmer and the Ft. Lauderdale real estate developer who suffer property losses due to rising sea levels were to sue major polluters for damages, the offending parties would be incentivized to behave in a more responsible fashion. Moreover, as the severity of the problem increases so too does the demand for a solution. This in turn drives up the cost associated with providing relief and it’s in this way that the market naturally directs resources to address the problem. And for the record, who are these parties who are ruining our planet?

among states. But the within states. MOAB bombs aren’t exactly eco-friendly. No surprise to find China & the US military - two socialist organizations best known for murdering children (see China’s one child-policy and Obama’s destruction of charity hospitals) - behind yet another travesty. China recently surpassed the US to become the world's largest emitter of CO₂ emissionsstates. But the US military remains the largest polluter states. MOAB bombs aren’t exactly eco-friendly. No surprise to find China & the US military - two socialist organizations best known for murdering children (see China’s one child-policy and Obama’s destruction of charity hospitals) - behind yet another travesty.



