Free markets only protect resources when they are exploitable.That is my point, any time money can be made, it will be made. That is casic supply and demand.The African elephants are rebounding because they are being protected, the commercial benefits are helping to offset and justify the efforts.Helping! If not for the commercial benefits there would be no park, there would be no elephants.But as you can see from that article, efforts to protect the elephant have all but wiped out the black rhino populations, which has not been as effectively protected. This is exactly what happens in unregulated markets, external costs are disregarded as they don't impact the transaction.It might surprise you to learn that economic theory does not stop at Supply and Demand.I never said that supply and demand would cure all ills and solve all problems. I said it would supply energy or fuel, because there is demand for energy and fuel and there is money to be made supplying it.ES
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Ma