Outfits like the World Bank, Inter-American Development Bank, USAID et al declare that they are going to “save the world and all the little children” by funding (with loans) a feel good project in, say, 3rd World Fly Farm A.
So, they approach one of the top notch “consulting firms” located in Washington DC to do an economic “feasibility” study. So the firm sends a representative to the country to produce the study which has the “real” purpose of convincing the country’s “leadership” that the project will make him a hero amongst his people while also making him very very rich personally.
This argument is persuasive so he signs the contract (borrows the money by pledging the lives, liberty and property of his subjects). The contract always requires mandatory use of uSSA engineering and construction firms, consultants, equipment, materials, etc.
Sure enough. Due to graft, corruption, cost over-runs, etc. the project fails. That leaves the little dictator of Fly Farm A at the mercy of his now, not so “benevolent,” old Uncle Sam. And the uSSA government’s empire has grown by one Fly Farm.
Meantime, millions (in most cases, billions) of uS$ have never left the country but have circulated among different bank accounts in Washington, DC while the rich get richer and the poor get kids.
Don’t believe me? Read Confessions of an Economic Hit Man by John Perkins
31 March 2015: The World Bank has approved a climate investment mechanism to be implemented by indigenous peoples and local communities seeking to address deforestation and forest degradation.
The Dedicated Grant Mechanism (DGM) for Indigenous Peoples and Local Communities is funded through the Climate Investment Funds (CIF) Forest Investment Program (FIP). The DGM is unique in that it targets forest- dependent communities, which will be responsible for project design and implementation. In doing so the fund aims to put forest conservation in the hands of local people while increasing the capacity of indigenous peoples and local communities’ representatives to participate in REDD+ climate negotiations and financing decisions.
Conservation International has been selected as the Global Executing Agency for the DGM and responsible agency for knowledge sharing and learning. Projects have already been approved in Brazil and globally for a learning support project with proposals under development in Burkina Faso, the Democratic Republic of the Congo (DRC) and Peru. [Website: Dedicated Grant Mechanism] [World Bank Press Release] [Conservation International Press Release]
Murray N. Rothbard was the father of what some call Radical Libertarianism or Anarcho-Capitalism which Hans-Hermann Hoppe described as “Rothbard’s unique contribution to the rediscovery of property and property rights as the common foundation of both economics and political philosophy, and the systematic reconstruction and conceptual integration of modern, marginalist economics and natural-law political philosophy into a unified moral science: libertarianism.”
This book applies the principles of this “unified moral science” to environmental and natural resource management issues.
The book started out life as an assigned reading list for a university level course entitled Environmental and Natural Resource Economics: The Austrian View.
As I began to prepare to teach the course, I quickly saw that there was a plethora of textbooks suitable for universal level courses dealing with environmental and natural resource economics. The only problem was that they were all based in mainstream neo-classical (or Keynesian) theory. I could find no single collection of material comprising a comprehensive treatment of environmental and natural resource economics based on Austrian Economic Theory.
However, I was able to find a large number of essays, monographs, papers delivered at professional meetings and published from a multitude of sources. This book is the result. It is composed of a collection of research reports and essays by reputable scientists, economists, and legal experts as well as private property and free market activists.
The book is organized into seven parts: I. Environmentalism: The New State Religion; II. The New State Religion Debunked; III. Introduction to Environmental and Natural Resource Economics; IV. Interventionism: Law and Regulation; V. Pollution and Recycling; VI. Property Rights: Planning, Zoning and Eminent Domain; and VII. Free Market Conservation. It also includes an elaborate Bibliography, References and Recommended Reading section including an extensive Annotated Bibliography of related and works on the subject.
The intellectual level of the individual works ranges from quite scholarly to informed editorial opinion.