How Earth Day Triggered Environmental Rent Seeking
By Bruce Yandle
In April of 1970, Congress was on the brink of passing air pollution legislation that emphasized performance-based standards, an approach designed to encourage polluters to utilize the most efficient means for meeting environmental goals. After the first Earth Day, however, lawmakers caved in to special interests who lobbied for a command-and-control approach to environmental protection that has imposed significantly higher costs, discouraged innovation, and in many cases made pollution problems worse.
|Other Independent Review articles by Bruce Yandle|
|Spring 2018||Who Is the Forgotten Man (and Woman) on the Fiscal Commons?|
|Spring 2018||The Bureaucrat Kings:The Origins and Underpinnings of Americas Bureaucratic State|
|Spring 2016||Stagnation by Regulation in Americas Kudzu Economy|
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