The primary issue I can't reconcile with ancap ideology is the tragedy of the commons.
What incentives stop companies from dumping toxic waste and what stops the over-consumption of natural resources?
Anybody with ideas or book recommendations on this?
What if the government had to provide proper services to entice their constituents?
Re: if you can't subsidize industries ad infinitum, growth will eventually be capped which solves this situation on a more local level.
I actually see a lot of solutions at the local level. For example, given the choice I would not live in a polluted area. Since we all share the soil, air, and water local protection won't fully solve the problem.
There are always going to be poorer areas though, like how the developed countries dump their e-waste in Africa or sending "recycling" to China.
Generally speaking, lowering time preference will change the strip mining mentality significantly. There was plenty of trash and chemicals for centuries, but societies were better incentivized to care more about the future generations, including their own families.
Yeah same thought, but I am not sure how it'll work long term with continuously lowering costs for everything.
For example if everyone wanted wild caught tuna and the fishing fleet was heavily automated it would be efficient and inexpensive at the same time.
Eventually the stock will become overfished so much that the scarcity will increase the price, but that's a bleak solution.
We could model out all sorts of things, but at the end of the day, we have no idea how profound the introduction of sound money will be on society. Bottom line, govt regulations don’t really work, and the free market will be a better governor on resource depletion than any centralized entity could be. We also will be able to grow plenty of cattle and food for societies once we decentralize and stop having the IMF dictate global food production and export.
