Wednesday, September 30, 2015

Nathan Rowley, Chapter 2, Question 2

Chapter two presents some interesting implications for the future. The most important of those is the ownership of resources, which up to this point have been largely public. The fishing industry is the example Charles Wheelan gives. Currently, fish are considered a public resource in most parts of the world; anyone can go out and catch fish, as they are not owned by anyone. There isn't a limit to the number of, say, tuna that companies may catch, so overfishing results. Charles Wheelan made the implication that a future of privatized natural resources may solve over-harvesting problems.

Another implication is the destruction of outdated jobs as new, more efficient methods of production are created. The example of the dwindling number of farmers provides an excellent illustration. As farming techniques have become more efficient, fewer and fewer farmers have been needed for the same level of output. Some farmers lose their jobs, but farming becomes better overall. We are currently in a wave of technological advancement, which means that some jobs will become outmoded as better alternatives are invented.

No comments:

Post a Comment