Monday, June 19, 2006

The Ecoomist saves the whales

The Economist, a journal that’s been on death’s door these past few years, shows signs of life in the June 17th issue. There's a semi-sentient review of the ailing American middle class [1], an obituary of one of the 3 men who recently committed suicide in our Cuban concentration camp, and the best suggestion I’ve read on how to regulate the hunting of cetaceans (ie. whaling).

They suggest that when the international whaling commission eventually permits hunting, that kill rights not be allocated by quota. Instead they should be allocated by bid. They predict that whaling opponents will buy up all the hunting rights, shutting down the industry forever. After all, the hunters can only bid a fraction of the tiny market for whale meat, opponents would raise hundreds of millions from Americans alone.

Brilliant. This is the sort of thing they used to be able to do regularly.

[1] Paul Krugman, btw today makes a good case today that the end of the American middle class caused the end of bipartisanship in American politics.

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