What is lacking in this conception is any sense that a society, an institution, or even a single human being, is an intricate system of fragile inter-relationships, whose complexities are little understood and easily destabilized. What is ominous is the ease with which some people go from saying that they don't like something to saying that the government should forbid it. When you go down that road, don't expect freedom to survive very long. The assumption that spending more of the taxpayer's money will make things better has survived all kinds of evidence that it has made things worse. This goes to the heart of why property rights are socially important in the first place.
Property rights mean self-interested monitors.
No owned creatures are in danger of extinction. No owned forests are in danger of being leveled. No one kills the goose that lays the golden egg when it is his goose.