Reference #372: Thinking in Systems

There are three approaches to avoiding the tragedy of the commons:

Many indigenous cultures have managed commons through education and exhortation. But this is not a dependable option as it may attract those willing to exploit the system. Privatisation works more reliably, but many resources such as the atmosphere are unable to be privatised. Regulation is often the only option to manage a commons. This approach is seen in traffic lights, parking meters, and banks.

Meadows. Thinking in Systems, 2008. (119-120)

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