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How to Find Joy in Five Minutes a Day: Inspiring Ideas to Boost Your Mood Every Day

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Joanne Mallon

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“Over your lifetime, your individual greenhouse gas contribution will only increase the temperature of the planet by about a half a billionth of a degree Celsius. That, you might think, is such a small difference as to be negligible, so you shouldn't bother trying to reduce your personal emissions. This reasoning, however, doesn't consider expected value. It's true that increasing the planet's temperature by half a billionth of a degree probably won't make a difference to anyone, but sometimes it will make a difference, and when it does, the difference will be very large. Occasionally , that increase of half a billionth of a degree will cause a flood or a heatwave that wouldn't have happened otherwise. In which case the expected harm of raising global temperatures by half a billionth of a degree would be fairly great. We know that something like this has to be the case because we know that, if millions of people emit greenhouse gases, the bad effects are very large, and millions of people emitting greenhouse gases is just the sum of millions of individual actions.”

Climate ChangeGlobal WarmingTragedy Of The CommonsGlobal Catastrophic RiskExpected HarmExpected Value
Book:Doing Good Better: How Effective Altruism Can Help You Make a Difference
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“an ecologist named Garrett Hardin wrote an article titled, The Tragedy of the Commons. Hardin’s thesis was that individuals acting in their rational self-interest would use whatever resources are available to them, blithely ignoring the fact that any finite resource eventually runs out, which is disastrous for everyone, including themselves. To illustrate, Harden used the metaphor of the open pasture, the commons as he called it, to which herdsmen bring their cattle to feed. Understandably, the herdsmen seek to feed as many cattle as possible in order to maximize their income and improve their lives. Over time however, the effects of overgrazing take a progressive toll on the commons, eventually rendering it unusable for all herdsmen.”

Tragedy Of The Commons
Book:Dealing with The Devil, My Mother, Trump and Me
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“The economy and financial markets are becoming global, while monetary policy and financial supervision and regulation are conducted at the country level by national authorities. This is what the sovereign state is all about. For the foreseeable future, it is unrealistic to imagine that the authorities in large countries will conduct monetary policy or financial supervision and regulation for the sake of global stability. The gap between the reality of the global economy and the policy-making institutions is the essential source of the problem we are faced with for many decades to come. Most problems derive from the fact that (1) central banks lack the incentive to 'internalize' the international spillover from their own conduct of monetary policy, (2) there is no global lender of last resort that is really worthy of that title, and (3) financial institutions tend to consume the services of financial stability excessively by not internalizing the impact of their own behavior on financial stability - the 'tragedy of the commons.”

SovereignStateTragedy Of The CommonsCentral Bank
Book:Tumultuous Times: Central Banking in an Era of Crisis
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“Wikipedia: Tragedy of the commons 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. The concept originated in an essay written in 1833 by the British economist William Forster Lloyd, who used a hypothetical example of the effects of unregulated grazing on common land (also known as a "common") in Great Britain and Ireland. The concept became widely known as the "tragedy of the commons" over a century later after an article written by Garrett Hardin in 1968.”

Tragedy Of The Commons
Author:Wikipedia Contributors
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“Page 143: There is no use either in cherishing illusions as to the practical consequences of a system in which political power and control of economic production and distribution are irrevocably delegated to, or conferred upon, the same persons. In so far s the state absorbs and distributes a larger and larger portion of the public wealth, the leaders of the ruling class come to possess greater and greater facilities for influencing and commanding their subordinates, and more and more easily evade control by anybody.”

SocialismMarket Dominant MinorityWealty Socialists
Book:The Ruling Class
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“Page 43: Natural selection is a multilevel process that operates among groups in addition to among individuals within groups. Any unit becomes endowed with the properties inherent in the word organism to the degree that it is a unit of selection. The history of life on earth has been marked by many transitions from groups of organisms to groups as organisms. Organismic groups achieve their unity with mechanisms that suppress selection within without themselves being overtly altruistic. Human evolution falls within the paradigm of multilevel selection and the major transitions of life. Moral systems provide many of the mechanisms that enable human groups to function as adaptive units.”

Evolutionary PsychologyGroup Selection
Book:Darwin's Cathedral: Evolution, Religion, and the Nature of Society
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