(in five bullet points)
• The sine qua non of free market economics is secure property rights.
• The likelihood of severe and potentially catastrophic anthropogenic climate change is in part a consequence of our inability to enforce any right to protection from the harm to life and property caused by the cross-border impacts of greenhouse gas emissions.
• A secure regime of property rights requires enforcement and (in the long run) legitimacy.
• The existence of cross-border impacts requires the cross-border reach of enforcement and legitimacy.
• This implies a relatively strong version of world government.
What could be clearer?
–Paul Baer (email@example.com)
Atlanta GA, USA