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Submitted by Apurva Sanghi on
The authors pose some very interesting ideas, no doubt. Two points: 1) One can't help draw parallels with similar "direct dividends" arguments that were made in favor of voucher privatisation of many state owned enterprises in Central Asian countries in particular. But look where that experiment of the 1990s ended up. What are the parallels and differences? 2) More, of a clarification...are the risks of environmental damage from natural resource extraction really growing as asserted in the article? One would have thought that ceteris paribus, such risks would have declined as technologies have improved over time...