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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.

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

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.)

Then the other states beat up the bad one.

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