1:02:02
We cant avoid the dumping
of sulphur oxides
1:02:05
at least we cant at the moment
afford to stopping it
1:02:07
so we're dumping a certain
amount of stuff
1:02:10
into the environment.
1:02:10
So we're going to say
with the current tonnage
1:02:14
of sulphur oxides
for example
1:02:17
we will say
that is the limit.
1:02:20
And well create
permits for that amount
1:02:22
and give them to the people
whove been doing the polluting
1:02:25
and now we will permit
them to be traded.
1:02:28
And so now theres
a price attached
1:02:31
to polluting the environment.
1:02:34
Now wouldnt it be marvellous
if we have one of those prices
1:02:36
for everything?
1:02:39
It sounds like youre
advocating private ownership
1:02:41
of every square
inch of the planet.
1:02:43
Absolutely.
1:02:44
Every cubic foot
of air water.
1:02:47
It sounds outlandish to say
1:02:50
we want to have the
whole universe
1:02:52
the whole of
the earth owned.
1:02:54
That doesnt mean I
want to have Joe Bloggs
1:02:57
owning this square foot.
1:02:58
But it means the interests that
are involved in that stream
1:03:04
are owned by some group
1:03:07
or by some people who have
an interest in maintaining it.
1:03:10
And that you know that
is not such a loony idea.
1:03:13
It's in fact the solution
to a lot of these problems.
1:03:28
Imagine a world in
which one of the things
1:03:30
owned by a corporation was
the song happy birthday.
1:03:35
In fact
1:03:36
an Aol/Time Warner subsidiary
holds the copyright.
1:03:42
In the past
1:03:43
it has demanded
over $ 10000
1:03:45
to allow you to hear anyone
sing this popular song
1:03:47
in a film.
1:03:51
We didnt pay.
1:03:56
We preferred to use the money
to fly our crew to Boston
1:03:58
and Los Angeles to bring
you the following story