Elephant hunting in Kenya at least one member of "Kenya's royal family" (the Kenyatta) had shipped over six tons of ivory to China. In the 1970s, 1900 elephants were killed in Kenya for their ivory tusks, increasing to 8300 elephants in the 1980s. In 1989, as a dramatic gesture to persuade the world to halt the ivory trade, President Daniel arap Moi ignited twelve tons of elephant tusks. In the 1990s the widespread ban on commercial ivory trading reduced the industry to a fraction of what it had been and elephant populations have stabilised. But illegal poaching and sale on the black market still
Artificial scarcity investment to develop a drug is generally billions of dollars. Typically, drug companies have profit margins much higher than this initial investment, but the high payoff also attracts many companies to compete, increasing the pace of drug development. A feature of many economies is also time limit in patent rights; after a set number of years enjoying an artificial scarcity, the patent wears off and cheap generic versions of a product enter the market. Thus, the drug developer gets a return on investment, and other companies subsequently compete to lower prices. Some classical liberals and libertarians oppose artificial scarcity, on