> describe how commons actually work and regulate themselves in the real world There's an important point there — the Tragedy models the outcome of selfishness

> describe how commons actually work and regulate themselves in the real world There's an important point there — the Tragedy models the outcome of selfishness, short term thinking, and deregulation governing the usage of the commons. Ostrom's work provides a model for what regulation can achieve. Putting the two together, whenever you see somebody somebody pushes for deregulation at the government level and little to no effort towards self-regulation at the industry level, you can conclude following that course of action will lead to the Tragedy scenario.