RE: The Tragedy of the Commons, Part I

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The Tragedy of the Commons, Part I

in economics •  8 years ago 

The reason governments can't solve pollution problems is because of the tragedy of the commons. The river is not owned by an individual and thus there is no one harmed by polluting the river. If river is owned then the owner can bring a suit against the polluter. Governments will not side with the polluter because they pay more taxes or give more money to the law makers.

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Fixed.