Search the Community
Showing results for tags 'wyatts torch'.
Found 1 result
My grand plans for a series of posts died from lack of time. My last post was more than 6 months ago. I'm going to take a more bite-size approach now. So, the topic asks my basic question: Should there be limits on ownership rights related to natural resources, including land, forests, oil, etc.? To focus the topic, let's think about "Wyatt's torch" from Rand's Atlas Shrugged. Wyatt was an oilman who developed highly effective technology for getting oil from difficult places. He owned land and drilled for oil on it. Time and again, he suffered when the "looter" government made unreasonable demands on him, compromising his property rights. Wyatt decided to "disappear". But before he did, he set fire to his oil wells, creating "Wyatt's torch" which the government was unable to ever put out. So, the concrete question is: Did Wyatt have a right to torch the oil on his land? Do ownership rights go so far that the owner of natural resources is able to prevent others from using them forever? Last, a few related issues I don't intend to raise here: First, I am assuming that Wyatt got his property rightfully in the first place. (Perhaps, I will delve into this topic later - how does one rightfully get ownership in land in the first place?) Second, I am assuming that Wyatt has every right to destroy the technology he developed (e.g., all technical documents, all equipment he built, etc.). Third, I don't want to discuss whether Wyatt's actions were legitimate as an "act of war" in the battle between John Galt and the outside world. That is, let's discuss whether people would have a right to destroy natural resources in a Objectively perfect world. I am eager to hear what you all think!