In: Economics
Some people argue that the only way to save rare species is to set up private game reserves to which wealthy hunters can travel. How could this help save endangered species?
Erstwhile known as Trophy Hunting, people argue that
there are economic & financial benefits of setting up such
private game reserves.
In a different perspective, suppose there are bans to hunting
wildlife,set by the government. This removes the economic value
from wildlife and is thus neglected. On the other hand, hunting
tourism/trophy hunting helps to bring wildlife a face value and
thus people are now more concerned of nurturing it in private game
reserves,albeit for profiting purposes. The only logical
explanation of this theory is that if wildlife be considered a
public good by the government, people find no value to help in the
efforts of protecting it. On the other hand, if private game
reserve owners be given individual authority and control over
endangered species, suddenly the value of wildlife as a whole
increases financially. Hunting, although seemingly counterintuitive
to saving a species, rather does its part of helping protect it
from extinction. Secondly, it also reduces illegal poaching and
black market activities, considered a big threat to endangered
species and their body parts.