...
Really isn't much of a debate.
Not yet it isn't. Are you familiar with the Tragedy of the Commons?
"Fourteenth century Britain was organized as a loosely aligned collection of villages, each with a common pasture for villagers to graze horses, cattle and sheep. Each household attempted to gain wealth by putting as many animals on the commons as it could afford. As the village grew in size and more and more animals were placed on the commons, overgrazing ruined the pasture. No stock could be supported on the commons thereafter. As a consequence of population growth, greed, and the logic of the commons, village after village collapsed.
An apparent solution to avert the collapse of the commons was the introduction of private ownership. Common lands were parceled up into small tracts, each owned by a household. If a household greedily destroyed its plot, its demise was its own fault. However, as population grew, each new generation of households was left with a smaller and smaller portion of the original holdings. And, there was still the opportunity for some households to accumulate wealth by acquiring land from others, one way or another. Thus, private ownership did nothing to control greed. It merely shifted to a new arena...The number of landless households grew rapidly, each one descending deeper and deeper into abject poverty."
http://members.aol.com/trajcom/private/commons.htmAmerican business and politics (the same thing?) rarely operate on long-term perspectives/planning. Short-term profit rules the day.
We will squeeze out of the environment every tree, fish, and drop of oil until exhausted in order to turn a profit today.
The automakers knew that oil is finite. So what do they do? Build Hummers!
Fisherman know the problems of 'fishing-out' an area. Yet they do it anyways.
Bush's economists know that tax cuts always result in a net loss to the government so Bush proposes a 1.6 trillion dollar tax cut in the face of a 5 trillion dollar national debt.
Laissez-faire Capitalism--where everyone maximizes his own self-interest--results in this kind of destructive nonsense.