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I actually agree with John to
some extent. I acknowledge that owners will
sometimes use their property in ways that
unjustly pass on costs to other parties. I
believe that economists call these
"externalities."
The classic example is a
manufacturer who pollutes a river by dumping
his waste into it. The cost of cleaning the
water falls on those who live downstream. I'm
not opposed to government arrangements that
prevent that sort of thing. Although, I must
admit, that I would prefer to see government
intervention minimized.
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