[PinkMilkshake]

It feels like we've reached the end of the old land ownership model. If you were destroying something on your land that supplied my breathable air, I would have no choice but to stop you, even though I recognize your right to the land.

[ralusek]

That's called a third party negative externality. Even libertarians are fine with state intervention.

[PinkMilkshake]

But what if a state is causing the negative externality and the third party is all other states? (Thanks btw, I hadn't come across that term.)

[ralusek]

Then the other states beat up the bad one.