40 Million Acres of Rain Forest for the Greenest Bidder

by Dave

According to Lester Brown, communism failed because it did not take economics into account, capitalism will fail if it does not take the environment into account. Any move to penalize introduction of negative externalities into the environment (like congestion pricing), while rewarding positive externalities (like planting trees or preserving rain forests) is welcome

via NYTimes.com

Mr. Jagdeo caused a stir last year when he offered to cede the management of his country’s entire rain forest — 40-plus million acres, covering 80 percent of Guyana’s land mass — to a British government agency in return for British economic assistance.

Though the British have yet to take him up on the deal, Mr. Jagdeo continues to press the case for protecting not only his rain forest, but all of them.