Submitted 2 months ago by firstname.lastname@example.org to GoldAndBlackReddit@hoot.goldandblack.xyz
link to original reddit post by /u/subsidiarity
It seems true at least for pollution that problems in the property system convert offenses from torts to externalities. If you dump toxins in a river when it is owned that is a tort, when it is managed by government it is an externality.
Does this model extend to most or all externalities?