The global world economy has grown from ~$3.5 trillion to ~$80T in that time and entire new industry ecosystems have flourished — how do you have innovation and the birth of new industries without the corresponding regulation required to both protect that property (much of which, since 1945, has been intellectual property and not physical capital — requiring new bodies of law to be developed) and prevent abuses?
Sure, ownership means control — but as I said, regulation is not the same thing as ownership.
barb dybwad

Common law has made significant allowances for IP. Not to the draconian measure that copyright takes it, but reasonable protection to allow investors the opportunity to recoup the costs of R&D.

Secondly, common law, TORT, and Rothbardian property rights provide significant opportunity for private individuals to protect themselves against abuses and externalities.

It’s also worth pointing out that environmental concerns were actually being addressed organically by the market before government got involved. For example, in the case of an internal combustion engine, engineers want a perfect burn. This lets them get the maximum power from each ounce of fuel, which gives better mileage, which is a desirable trait. A perfect burn produces H2O and CO2. Neither of these are pollutants. Plants actually generally grow better in concentrations of CO2 that are much higher than what we currently have.

There’s currently a company working on nuclear technology that could provide cheaper electricity than coal does and do it with nearly zero waste (and no atmospheric emissions, even in the case of a metldown).

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