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Tragedy of the Commons

Last updated Jul 28, 2021 Edit Source

The more accessible a good is, the less people want to pay for it. – Scott Moore

A government only has interest in funding its own roads, companies like Facebook only have interest in funding their own infrastructure. Very prevalent in open-source, some of the most used software in the world often goes unpaid and unfunded.

Commons in the modern economic context is any open-access and unregulated resource (e.g. atmosphere, ocean, rivers, etc.)

How we might focus less on speculation and more on participation?

Does this impact digital commons too? What about for climate tech?

Would be solved if people acted according Kant’s Categorical Imperative (tldr; only act in a certain way if it is possible and desirable for everyone in the world to act in that way)

# Without Tragedy

Elinor Ostrom defines 7 requirements to govern a commons without tragedy:

In a small community, everybody knows everybody, and can keep track of what they do. This makes small groups iterated games which rewards trust and penalizes sociopathic behaviour