• I_Fart_Glitter@lemmy.world
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    1 year ago

    tragedy of the commons

    TILAW (today I learned a word):

    The tragedy of the commons is a metaphoric label for a concept that is widely discussed in economics, ecology and other sciences. According to the concept, should a number of people enjoy unfettered access to a finite, valuable resource such as a pasture, they will tend to over-use it, and may end up destroying its value altogether. To exercise voluntary restraint is not a rational choice for individuals – if they did, the other users would merely supplant them – yet the predictable result is a tragedy for all.

    https://en.wikipedia.org/wiki/Tragedy_of_the_commons

    • dantheclamman@lemmy.world
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      1 year ago

      Yes, the metaphor has fallen out of fashion for a lot of reasons, including that the guy who coined the expression turned out to be a real piece of shit, but the core concept is still a valid one.