Telegraph Blogs - Privatise the elephant, by Daniel Hannan

Free market principles find validation in even the unlikeliest places. Consider the report that Masai tribesmen have killed four elephants and wounded ten more close to a Kenyan game park. Amid the plunging spears and steaming gore is a lesson in how property rights encourage conservation.

Ponder the stories of two African states. Kenya banned the killing of elephants in 1979, effectively nationalising its herd. At around the same time, Rhodesia (as it still was) made elephants the property of those whose land they were on. The result? Thirty years on, Kenyan elephants have been all but wiped out, while Zimbabwe’s are as numerous as ever.

Woah. Either Zimbabwe’s managed to do something right, or Bobby Mugabe’s managed to not screw something up.

…The Masai who carried out the recent slaughter were, according to their own lights, behaving quite rationally. Unless they are given incentives to do otherwise, Africans have every reason to hunt elephant to extinction.

The Zimbabwean government does give local people incentives to do otherwise. Knowing that there is money to be made from them, Zimbabweans treat elephants as a renewable resource, culling some for their meat and hides, but making sure that the herd’s survival is not threatened. (An easing of the ban on ivory sales would make the herds even more valuable, and so, paradoxically, boost elephant numbers.)

The foundation of capitalism is Aristotle’s observation that that which no one owns, no one will care for. Here is proof.

A couple years ago I had Rush on when Peter unwittingly came into the room, just as Rush was announcing his full-proof plan to save some endangered species or other (let’s say it was the Red-shanked Douc, although it wasn’t): “Eat the Red-shanked Douc”. At which point Peter turned on his heel and quit the room in disgust.

But, you know, he had a point.