Who Owns the Sky?: Our Common Assets and the Future of Capitalism

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Author: Peter Barnes

ISBN-10: 1559638559

ISBN-13: 9781559638555

Category: Economic Systems

<p>Global warming has finally made clear the true costs of using our atmosphere as a giant sponge to soak up unwanted by-products of industrial activity. As nations, businesses, and citizens seek workable yet fair solutions for reducing carbon emissions, the question of who should pay-and how-looms large. Yet the surprising truth is that a system for protecting the atmosphere could be devised that would yield cash benefits to us all.<p> In Who Owns the Sky?, visionary entrepreneur...

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Barnes (a businessman) offers a market-based plan for reducing global warming by treating the sky as a commonly owned asset. He recommends forming a non-governmental "Sky Trust" responsible for renting the atmosphere, charging for carbon emissions, and paying dividends. Illustrations clarify key points. Famous economists, industrialists, politicians, and entrepreneurs are profiled. A glossary is included. Annotation © Book News, Inc., Portland, OR

AcknowledgmentsVocabularyIntroduction: The Wealth Around Us1Ch. 1Winds of Change5Ch. 2The Sky Is Filling!13Ch. 3Selling the Sky33Ch. 4Who Owns the Sky?45Ch. 5How a Sky Trust Would Work61Ch. 6Thought Experiments for Economists79Ch. 7The New Commons105Ch. 8Capitalism 2.0119App. 1Key Features of a U. S. Sky Trust133App. 2Free Ownership Certificate135Notes137Bibliography145Index165