Group items tagged

The article talks about one of the world's most tragic tragedy, which is "tragedy of the commons". This theory explores when a resource is available jointly, people often deplete these resources, rather than save them. To further support the theory, the article focuses mainly on "over-fishing" and how the ocean is a "common area", therefore anybody can choose to fish out there, and this leads to the problem of over-fishing and destroying the habitats of the high seas.

This article discuss that due to the melting of arctic ice and over exploitation of fish area known as dead zones are quickly spreading thereby deteriorating the 'common' high seas known to be economically beneficial to all.

This article talks about how our over dependence on the seas are affecting them and in turn affecting us. Since the seas are responsible for so much in human life, the deterioration of the seas could greatly affect different facets of human life such as climate among other things.

This article covers the impending water crisis (a shortage) and is a good example of the tragedy of the commons.

Our modern global economy struggles with the challenge of using limited natural resources without exhausting them. It seems difficult to keep the common privatised and put regulations so that they arent overused by the community. In addition to that it was mentioned that privatisation can lead to the destruction of local economies in some cases

This article mentions about the critical situation of the World which should suddenly be stoped with the cooperation of other countries.

A commodity boom has helped pull millions out of poverty across South America over the past decade. It has also unleashed a new scramble for oil, minerals and cropland that is accelerating deforestation and fueling a new wave of land conflicts from Colombia to Chile. The land and the forests are poorly regulated and protected leading to illegal plundering of resources which end up deteriorating and damaging the environment. This article is also a good example of negative externality of consumption and how demand can indirectly increase the damage inflicted on the environment. Since the amazon rainforest is only protected in some places and not in others (and the protected places are still open to the public), it is a common resource that is constantly being violated and reduced.

Because the High Seas operates as an unregulated global commons, its wild fishes population are in precipitous decline. Since they are accessible by any nations, where any nation can take as much as they want. Having no catch limits in the High Seas, migratory fishes are being overfished and their population are expected to continue to decline. However, researchers found out that closing the high seas could double the populations of the important fishes species.

This is also article also highlights the point similar to my article since that people thought that they could take as must fish as they watned out of the ocean since they thought that the negative externalities is shared by everyone while the profit was not.

As Mr. Hardin stated in his Tragedy of the Commons, people in the past thought that they could mine, cut down trees...since they thought that this wouldn't impact them directly and the profit that could be gained was more beneficial. However, now we see that it costs more to combat global warming than it would have to prevent it from happening.

It is no surprise that smartphones are becoming more and more common. This article from TechWeek Europe displays how and why they are so popular. Especially the low costs increase the demand and encourage the buyers to switch to smartphones.

To address the huge needs of African populations, companies must seek wealth creation and, along the way, create jobs, generate tax revenue and distribute purchasing power. If profit is essential to effective contribution of the common good, we need to agree on what kind of profit we are talking about. Summarising the history of capitalism with a broad brush, we can say that 1.0 version is characterised by the pursuit of wild profit, with no care for law nor morality. Capitalism 2.0 pursues legal profit and the 3.0 version emphasises legitimate profit.

In this article its talking about how differnt companies and governments are destroying our water sources and our fish supply. As people are ordering others to go build things in veries water sources around the world. which is slowly and at times quickly destroying them, which has led to a problem with our ability to gain resources from water sources. at that will only become even worse of a problem as time goes on.

Tragedy of Commons

The rising problem with pollution can directly be related with the fact that polluting the environment costs little to no money. However, trying to reduce our carbon footprint and becoming more environmentally friendly costs a great deal. This is the problem this article speaks of.

I like this article since it highlights that eventhough power companies are not paying for the combustion of carbon (no private costs) but there is still social costs

This article is about how basing the oil business around the idea of the planet is running out of oil concept was a huge mistake as oil prices crash like a plane on fire.

This article considers the impact on the ocean that we are causing by having is as a public good with public access.