It was coined by an ecologist (Garrett Hardin), and (answering myself here after finding out) famously rebutted by the economist Elinor Ostrom, who won the Nobel Prize for her work. So tragedy of the commons, while a real phenomenon and can happen, is not inevitable by current understanding.
Like in a lot of things, the devil is in the details.
Was it ever actually a problem, or some BS made up by “economists” to justify privatization of public resources.
It was coined by an ecologist (Garrett Hardin), and (answering myself here after finding out) famously rebutted by the economist Elinor Ostrom, who won the Nobel Prize for her work. So tragedy of the commons, while a real phenomenon and can happen, is not inevitable by current understanding.
Like in a lot of things, the devil is in the details.