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Tragedy of the Commons

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As a writing project, please look up "the tragedy of the commons" but specifically for the purpose of finding a critique of what you think it means to you. Many people today feel this is not an accurate view, and was developed partly in order to justify individual control and private ownership of resources, especially land. Please explain tragedy of the commons in your own words with 4 or 5 short paragraphs.

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Solution Summary

Opinion of "the tragedy of the commons" Comparison of various reviews analyzed, basis and justification.

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When several individuals pursue their own economic interest "rational" in a resource such as open ocean or atmosphere access, the result is not the greatest good for the greatest number, but a disaster for all world. This is not rational. The privatization of the commons is a solution, in theory, safe way to prevent the tragedy of the commons is "mutual coercion, mutually agreed", ie a public sector asset.

For a demonstration of the tragedy of the commons, the image of a large open meadow for all is chosen. It is expected that each herdsman will try to keep as many cattle as possible on a common property. This strategy ...

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