Tragedy of the Commons

A “tragedy of the commons” is a type of social trap that involves a conflict over resources between an individual’s interests and that of the common good. In this situation, a group of people work toward short-term individual gains, which, in the end, leads to a loss for the group as a whole.

Tragedy of the commons originated from a parable published in 1833 by William Forster Lloyd. The theory itself, however, dates back to Aristotle who said:

“That which is common to the greatest number has the least care bestowed upon it.”

One example of this tragedy of the commons is driving. More people driving more to satisfy their individual needs is actually a tragedy in two ways. Firstly, road capacity gets used up causing traffic congestion for everyone. But more importantly, and tragic, is the global warming, environmental degradation, and the destruction of cities caused by cars, and yet, people drive on.
-S