Bfgrn
New member
The commons were traditionally defined as the elements of the environment - forests, atmosphere, rivers, fisheries or grazing land - that we all share. These are the tangible and intangible aspects of the environment that no-one owns but everybody enjoys.
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Capitalism's most dangerous flaw is that it has no inherent method for dealing with the tragedy of the commons.
Most of capitalism's cheerleaders simply never mention the tragedy of the commons, or deny that such a thing exists. The all wise invisible hand of the marketplace, some claim, is as competent to keep us out of future trouble as it is to grant us future benefit.
But you must truly have blinders on to believe this, as the visible effects of human behavior prove it is not so.
Free market capitalism teaches us how to better our lives, and those of other people, by reaching out and taking, and by doing so more efficiently and productively. Capitalism is very bad at teaching us when to refrain from taking. That part of ourselves which steps forward to suggest that "thou shalt not"--named the "superego" by Freud--simply does not form part of the free market system. Just as the ego and the id in the Freudian paradigm must refer to something outside themselves for the restraint that so often means survival, humans must look outside the capitalist system for the self-restraint that will avoid the destruction of every commons used by us. Our history also illustrates that the destruction of the commons will not be stopped by shame, moral admonitions, or cultural mores anywhere near so effectively as it will be by the will of the people expressed as a protective mandate; in other words, by government.
Hayek, the philosopher of free markets, admits this when he says, in discussing the importance of government to a free market system:
To prohibit the use of certain poisonous substances or to require special precautions in their use, to limit working hours or to require certain sanitary arrangements, is fully compatible with the preservation of competition.
In fact, Hayek is dealing directly with the tragedy of the commons when he says a page later that free market pricing fails when "the damage caused to others by certain uses of property cannot be effectively charged to the owner of that property." He continues:
Nor can certain harmful effects of deforestation, of some methods of farming, or of the smoke and noise of factories be confined to the owner of the property in question or to those who are willing to submit to the danger for an agreed compensation. In such instances we must find some substitute for the regulation by the price mechanism.
Hayek was not a libertarian; he believed in striking the right balance between government and markets. Capitalism may contribute a large part of human welfare and progress, but it cannot do so without some external constraints.
Capitalism and the Tragedy of the Commons
All human laws are, properly speaking, only declaratory; they have no power over the substance of original justice.
Edmund Burke
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Capitalism's most dangerous flaw is that it has no inherent method for dealing with the tragedy of the commons.
Most of capitalism's cheerleaders simply never mention the tragedy of the commons, or deny that such a thing exists. The all wise invisible hand of the marketplace, some claim, is as competent to keep us out of future trouble as it is to grant us future benefit.
But you must truly have blinders on to believe this, as the visible effects of human behavior prove it is not so.
Free market capitalism teaches us how to better our lives, and those of other people, by reaching out and taking, and by doing so more efficiently and productively. Capitalism is very bad at teaching us when to refrain from taking. That part of ourselves which steps forward to suggest that "thou shalt not"--named the "superego" by Freud--simply does not form part of the free market system. Just as the ego and the id in the Freudian paradigm must refer to something outside themselves for the restraint that so often means survival, humans must look outside the capitalist system for the self-restraint that will avoid the destruction of every commons used by us. Our history also illustrates that the destruction of the commons will not be stopped by shame, moral admonitions, or cultural mores anywhere near so effectively as it will be by the will of the people expressed as a protective mandate; in other words, by government.
Hayek, the philosopher of free markets, admits this when he says, in discussing the importance of government to a free market system:
To prohibit the use of certain poisonous substances or to require special precautions in their use, to limit working hours or to require certain sanitary arrangements, is fully compatible with the preservation of competition.
In fact, Hayek is dealing directly with the tragedy of the commons when he says a page later that free market pricing fails when "the damage caused to others by certain uses of property cannot be effectively charged to the owner of that property." He continues:
Nor can certain harmful effects of deforestation, of some methods of farming, or of the smoke and noise of factories be confined to the owner of the property in question or to those who are willing to submit to the danger for an agreed compensation. In such instances we must find some substitute for the regulation by the price mechanism.
Hayek was not a libertarian; he believed in striking the right balance between government and markets. Capitalism may contribute a large part of human welfare and progress, but it cannot do so without some external constraints.
Capitalism and the Tragedy of the Commons
All human laws are, properly speaking, only declaratory; they have no power over the substance of original justice.
Edmund Burke