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It's essentially the Tragedy of the Commons. People come and claim part of the common green, which pushes newcomers out to the more undesirable real estate. I
by bmm6o 12y ago
It's essentially the Tragedy of the Commons. People come and claim part of the common green, which pushes newcomers out to the more undesirable real estate. I'm not convinced there is a workable market solution, though I'm also not convinced that there's a satisfactory regulatory solution.