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by roughly
1739 days ago
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Incidentally, “tragedy of the commons” is one of those things like “inventing money because barter is inefficient” that exists in the lore of economists but doesn’t seem to exist in the real world, and most societies at most times in most places in history seem to have done just fine managing “the commons” as a shared resource through social compact and peer pressure. |
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What? Clean water, clean air, deforestation, overfishing, noise pollution. There are infinite externalities that have been shifted onto the commons that social compact and peer pressure haven’t (and arguably won’t) solve.