(Kendra Okonski, International Policy Network)
The market has a way to deal with environmental issues.
Environmentalists have for so long taken a very left-leaning view of how to deal with environmental problems. They ignored the market solution and prefer banning and regulating.
In reality, we have never run out of resources that we open to market pressures.
In the market, scarce resources would rise in price and this would force the findings of alternatives and less usage of that resource.
For example, if oil were allowed to be fully open to market pressures, its price will rise steeply if its supply were limited. This would force more research to discover alternatives. What is happening now is actually accentuating the problem as there are no real incentives or pressures to discover alternatives.
There is no historical evidence of a resource actually running out.
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