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Cake day: March 3rd, 2024

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  • Yes and/but you might be interested to know these things about the “Tragedy of the Commons”:

    Elinor Ostrom, awarded the Nobel Prize in Economics in 2009, fundamentally challenged the “tragedy of the commons” theory, which Garrett Hardin popularized in 1968. Hardin’s theory argued that shared resources—like grazing land or fisheries—inevitably suffer from overuse because each user, acting in self-interest, seeks to maximize personal gain. Without external regulation or privatization, Hardin claimed, such resources would degrade irreparably.

    Ostrom’s work provided a different perspective based on extensive field research across diverse communities managing shared resources, such as forests in Nepal and fisheries in Turkey. Through these studies, she found that local groups often developed effective, self-governing systems to sustain and share resources equitably. Ostrom identified eight core principles, such as clear resource boundaries, community-devised rules, local monitoring, and graduated sanctions for rule violations, which contribute to sustainable communal resource management. By documenting these successful cases, she demonstrated that, under certain conditions, communities could avoid the “tragedy” without privatization or top-down control.

    Ostrom’s insights reshaped economic thinking by showing that cooperation, rather than competition alone, could lead to sustainable resource use. Her findings emphasize that real-world communities often solve commons problems through trust, local knowledge, and shared governance, challenging the idea that only private ownership or government intervention can manage common resources effectively. Ostrom’s approach has since inspired policies and frameworks for resource management across environmental, urban, and even space governance contexts, as her principles underscore the potential of collective, decentralized solutions to common-pool problems.

    Her work offers an empowering view of human capacity for self-organization, contradicting the inevitability of Hardin’s “tragedy” and suggesting new possibilities for addressing global commons issues like climate change and biodiversity loss. This impact has encouraged rethinking in fields ranging from political science to ecology and economics.

    Sources:

    • Inside Story, “The not-so-tragic commons”

    • Resilience, “The Victory of the Commons”

    • Space Foundation, “The Commons Solution”









  • If Zucman is a fan, this is great news indeed. A 25% minimum tax on billionaire wealth sounds great, and with broad support, as the article notes (even 51% of Republicans).

    Much better news, too, for those of us who only saw this part reported on til now:

    The campaign spokesperson called the move—which would still leave the corporate tax rate lower than it was when Trump first took office in 2017—a “fiscally responsible way to put money back in the pockets of working people and ensure billionaires and big corporations pay their fair share.” (emphasis mine)

    IIRC, the corporate tax rate was slashed by Trump from 30-something percent, maybe 35%, to something like 18%, so to see that Harris was not interested in reversing this Trump tax cut fully (only to 25%) felt til now like yet another depressing instance of the ratchet effect, where the right does what they do, and neoliberals only undo part of it when they are in power.