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Tragedy Of The Commons Quotes

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Tragedy Of The Commons Quotes

“People keep telling me to read the Bible this year for some reason. REAAAAAD the Bible. Alright. Well. Let's start with Genesis. What's that about? What strikes Me about Genesis, is One man, one woman. They disobey God. then they have to work. Now what do we have in the real world? What do we have? Well we have lots of slutty chicks, usually. Then some fools chasing that used up pussy. And you STILL have to work, huh? Well, you should know that you'll have to pay me a lot of money for me to buy enough pussy to compensate for all this anxiety and stress caused by uhh... shall we call it FREEDOM? Perhaps the greatest words I found recently are by G. Hardin - Natural Selection Favors the Forces of Psychological denial. Boom. Read that guy instead. that does explain a lot, doesn't it?”

“Quoting page 235: Universalism: The Promiscuous Altruism At one extreme of the spectrum of discriminating altruisms lies universalism, altruism that is practiced without discrimination of kinship, shared values, acquaintanceship, propinquity in time or space, or any other characteristic. An immense literature has grown up promoting an ideal expressed well by a now forgotten poet at the end of World War I: “Let us no more be true to boasted race or clan / but to our highest dream, the brotherhood of man.” This sounds lovely, but what kind of altruism does it praise? Clearly the poem is a paean to “promiscuous” altruism. Promiscuity should always be challenged. Pierre-Joseph Proudhon (1809-1865) said, “If all the world is my brother, then I have no brother.” The specific shortcoming of universalism is easy to identify: it promotes a pathology that was identified in the preceding chapter, namely the tragedy of the commons.”

“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.”

“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.”

“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.”

“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.”