Your friend has zero reasons to be confident in his economic predictions for 60-100 years hence. I know nothing about your friend; he might be a genius, but he still doesn't know what is going to happen economically in 100 years. Nobody else does either. I personally would not bank on such advice — Bitter Crank
There are about seven billion people in the world. The rich west accounts for about one billion, and the rest are quickly emerging. They will emit more carbon, and taxing that will reduce their big climb out of poverty. — Emptyheady
Tragedy of commons is a fundamental problem of non-private property -- it is a tragedy of communal ownership you dips. — Emptyheady
http://www.investopedia.com/terms/t/tragedy-of-the-commons.aspThe tragedy of the commons is an economic problem in which every individual tries to reap the greatest benefit from a given resource. As the demand for the resource overwhelms the supply, every individual who consumes an additional unit directly harms others who can no longer enjoy the benefits. Generally, the resource of interest is easily available to all individuals; the tragedy of the commons occurs when individuals neglect the well-being of society in the pursuit of personal gain.
The tragedy of the commons is an economic theory of a situation within a shared-resource system (clean air) where individual users (countries) acting independently according to their own self-interest behave contrary to the common good (fucking pollution) of all users (everybody) by depleting that resource through their collective action. — Benkei
https://en.wikipedia.org/wiki/Tragedy_of_the_commonsIt has been argued that the very term 'tragedy of the commons' is a misnomer per se, since 'the commons' originally referred to a resource owned by a community, and no individual outside the community had any access to the resource. However, the term is presently used when describing a problem where all individuals have equal and open access to a resource. Hence, 'tragedy of open access regimes' or simply 'the open access problem' are more apt terms.[3]:171
The problem is set out by him first but the assumption that only private ownership is a solution is false. — Benkei
privatisation was a solution to correct this self-defeating economic behaviour. — Emptyheady
Tragedy of commons is a fundamental problem of non-private property -- it is a tragedy of communal ownership you dips. — Emptyheady
A common resource is a resource, such as water or pasture, that provides users with tangible benefits. A major concern with common resources is overuse,especially when there are poor social-management systems in place to protect the core resource.
Like I said earlier, the tragedy of the commons is a unique phenomenon of non-private property systems. — Emptyheady
I also fail to see how the tragedy of the commons and the externalisation of costs are unrelated. — Benkei
I'm not sure how else I was to interpret this as private ownership as the only solution but my bad. I do note that I merely raised this issue as an example of the tragedy of the commons (which it is) and I received the above as a reply against my suggestion that the West apparently didn't pay enough for the use of certain resources. — Benkei
Either the scientific work done by the majority of scientists can be trusted but if you're arguing it cannot then doing so by referring to other scientific work is then completely arbitrary. If you're going to choose one scientist's results over another, you're going to have to go into the scientific methods used, the theories tested and the data collected. Anything else is just trying to find justifications of beliefs that don't seem to be currently supported by the majority of climate change scientists. — Benkei
You thought the problem was common ownership — m-theory
Privately owned business harvest from the fish population and each compete with one another. — m-theory
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