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Pollution is a tragedy of the commons. Individually, polluters gain more than they suffer. But collectively, they suffer as well (though I admit it remains to b
by danuker 4y ago
Pollution is a tragedy of the commons. Individually, polluters gain more than they suffer. But collectively, they suffer as well (though I admit it remains to be seen how much, since the IPCC reports on economic impacts leave a lot to be desired [1]).
It is the job of the government to maintain the commons, because it can't get maintained through individual incentives alone.
[1] - https://news.ycombinator.com/item?id=34005635 https://news.ycombinator.com/item?id=34005635