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by kennywinker
615 days ago
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> Tragedy of the commons is why short term is all that matters and will ever matter to non-ideological investors. Tragedy of the commons was an ideological essay designed to justify privatization of public goods. It was disproven by data before it was published. I am sure there are some hyper specific examples where it has happened as described, but as a “fact” about the world and as a justification for any course of action, it’s highly suspect. https://aeon.co/essays/the-tragedy-of-the-commons-is-a-false... |
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"What is common to many is taken least care of, for all men have greater regard for what is their own than for what they possess in common with others."
Maybe you're suggesting that that essay popularized the phrasing? But I'm pretty sure even as a coined "term" it was around before then