Tragedy of the commons

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Jeff brings up some very interesting topics.

This phenomenon is likely the reason why it’s difficult to get communism to work, even with technocracy managing it.

In economic science, the tragedy of the commons is a situation in which individual users, who have open access to a resource unhampered by shared social structures or formal rules that govern access and use, act independently according to their own self-interest and, contrary to the common good of all users, cause depletion of the resource through their uncoordinated action.

en.wikipedia.org/wiki/Tragedy_…

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lbry.tv/@DollarVigilante:b/Idi…

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1 thought on “Tragedy of the commons

  1. YouCanCallMeAl

    From the wiki page: “The concept originated in an essay written in 1833 by the British economist William Forster Lloyd,[4] who used a hypothetical example of the effects of unregulated grazing on common land (also known as a “common”) in Great Britain and Ireland.”

    Well, it could be as this British economist writes. But I suspect this is would be the sort of rationalisation provided at the time to justify the great theft of land that occurred with the acts of enclosure. The acts allowed land owners to ‘enclose’ (in other words, steal) land that was previously held in common.

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