A monumental eco-challenge facing the planet is plastic marine debris. The modern economy has produced more than eight billion metric tons of newly manufactured plastic, but 75% of it becomes plastic waste. It is estimated that approximately five trillion pieces of plastic, or roughly 250,000 metric tons, have littered the waters.
So, what can be an effective measure to combat or eliminate plastics from ending up in coastlines, rivers, lakes, and oceans? It may be daring for most, but ocean privatization is the way to go.
Water capitalism implies that there would be private ownership of oceans, rivers, lakes, and aquifers.
When something is unowned, there is very little incentive to maintain, preserve, or defend it. On the other hand, when something is privately owned, we do our very best to maintain, preserve, or defend it. This is why private property is typically better than public housing, or why private transportation is generally more bearable than government transit.