Apr
29

Worried Whales

worried whalesWhile the world population of barnyard animals continually grows, the population of whales dwindles. The reason is property rights. Most goats, cows or pigs belong to someone with a strong incentive to protect them. However, whales are owned by no one and thus each whaling nation (primarily Norway and Japan) has a strong incentive to kill every whale it sees, lest the other nation kill it first.

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