Sand heists and property rights in the Caribbean (Summer School)
Summary
Planet Money visits Jamaica and Barbuda to explore how small island economies navigate economic vulnerability and resource scarcity. The episode examines Barbuda’s unique communal land ownership system, which is currently being challenged by the government’s push for private property titles to spur development. It also investigates the global sand crisis through a Jamaican case study where an entire beach was stolen for resort construction, highlighting the high value and scarcity of sand as a critical economic resource.
Topics discussed
Intro and flight delays and show setup
Planet Money Summer School introduction
Economics of small Caribbean islands
Vulnerability and failed regional unions
Arriving in Barbuda and communal land
History of Barbuda's land ownership
Hurricane Irma and the $1 land offer
Legal battle over property titles
Property rights and economic growth debate
The tragedy of the commons
The Great Sand Heist in Jamaica
Sand theft consequences and legal outcome
Lesson review and closing remarks
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