Sadly, the one-horned rhinoceros is under threat from poaching and is classified as a vulnerable species. While the medical use of rhino horn has been illegal since 1993, poaching rhinos for their horns is still an ongoing problem. Solutions are urgently needed to save Assam’s rhinos. Here is how free markets can help…
The United Nations recently announced that the world’s population is now estimated to have reached 8 billion — up from 7 billion as recently as 2011. This latest milestone has seen renewed alarmism from those who believe that the planet is already overpopulated.But is population growth really such a threat to humanity? There are many reasons to believe that, quite the opposite, population growth actually amplifies opportunities for tackling humanity’s greatest challenges.
To protect the environment, the way forward is through the promotion of markets and innovation, including the sharing economy, which can solve the problem far more effectively than state regulation.
The pursuit of profit in the free market is often cited as the main cause of environmental disasters and poor environmental quality, leading to a lot of blame placed on entrepreneurs. However, this is certainly not set in stone. Indeed, the pursuit of profit can actually protect the environment, rather than devastate it.
Given the various shortcomings associated with central planning, market-based solutions are extremely important in addressing climate change. Due to their sensitivity to geographic and technological differences across society, market-based solutions ought to be an important part of any solution.
Bitcoin is a serious and direct threat to governments’ power to control and print money. So, politicians and bureaucrats are building Bitcoin into the ultimate boogeyman. It “puts the financial system at the whims of some shadowy group of super-coders,” said Senator Elizabeth Warren. Then there’s the narrative — pushed by British newspaper The Guardian […]
If businesses get government subsidies to make their products cheaper, or “capture” regulation to hurt their competitors, that’s rent seeking.
I have a confession to make. I don’t recycle as many people understand the term. I try to reduce and reuse-I “recycle” shirts, towels, dishes, and the like in that I don’t discard them after one use, but several years ago I stopped recycling in the sense that I don’t put bottles, cans, and newspaper […]
In 2012, we released a video answering the question, “Why is there corn in your Coke?” Now, Jared Meyer sat down with Robert Bryce, an energy policy expert at the Manhattan Institute, to answer the question, “Why is there corn in your car?” The corn in your car—or rather, the corn you put into your […]
One of the most valuable economic insights is that human creativity is The Ultimate Resource. (The great economist Julian Simon wrote a book by that name.) It follows that as long as we are free to use our creativity, we don’t have to worry about running out of resources. Truly, human creativity makes resources of […]
Without economic freedom, we cannot exercise our other freedoms. The freedom to speak is meaningless if the government prevents us from traveling from our homes or paying for a phone call. The freedom to write is meaningless if the government prevents us from selling newspapers. The freedom to worship is meaningless if the government forces […]