Amazonian myths
Submitted by Bruno Prior on Sun, 01/10/2006 - 11:00David Miliband wants Westerners to buy the Amazon rainforest (Sunday Telegraph, 1 Oct 2006, News, p.2). We need to ensure that there is a balance between urban and industrial development to provide the goods that people demand, agricultural development to provide the food that they demand, and undeveloped areas to provide the ecological services (such as carbon dioxide absorption) that we need and the habitat to support the biological diversity that may yield untold benefits in the future. Property rights are an important way of encouraging protection of assets. In that sense, a proposal to introduce property rights in rainforests should be welcomed.