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The market by itself can never solve this problem because the tragedy of the commons is not addressable by market mechanisms. It is impossible due to the game t
by hackerlight 2y ago
The market by itself can never solve this problem because the tragedy of the commons is not addressable by market mechanisms. It is impossible due to the game theory dynamics at play. You need top down force applied to align incentives with the public commons, it's the only way.
- TeMPOraL 2y ago100% agreed, of course. I didn't mean the market will solve this problem - just that if things get bad enough, the market incentives will align towards solving the problem... just a tiny bit, just until it stops being profitable enough to continue solving it.