I think it’s interesting also though I wonder how you prevent the whole thing from getting out of hand. For instance, no one could build a nuclear power plant in this country. They’d be tied up in court forever by the “no nukes” crowd.
In theory, anyone could build a nuclear reactor anywhere, even next door to someone else, provided there was no pollutants/radiation etc.. to a harmful level, see post 52 for more on this. I think in the article paul even says nuclear energy is a good idea.
The one weakness I can see in this general theory, as brought up in debate with a budy of mine who works for a company that manages compliance for various industries, is that if someone was to pollute your property, say water supply, but then went bankrupt, you’d be stuck with the damages.
My response was that bankrupcy laws need to be tightened so that people are accountable for their credit, actually ‘tightened’ is a misnomer, the current laws should be repealed to allow contracts to be drawn up between indivduals, creditor and lender. Also, people could buy insurance, both the possible polluter and the individual, sort of like uninsured collision insurance for the individual and ‘disaster’ insurance for the possible polluter.
I’m not sure tho, the details need to be fleshed out.