Governing the oceans
New management is needed for the planet's most important common resource
IN 1968 an American ecologist, Garrett Hardin, published an article entitled "The Tragedy of the Commons". He argued that when a resource is held jointly, it is in individuals' self-interest to deplete it, so people will tend to undermine their collective long-term interest by over-exploiting rather than protecting that asset. Such a tragedy is now unfolding, causing serious damage to a resource that covers almost half the surface of the Earth.
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