Ending The Tragedy of The Commons

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  • čas přidán 28. 10. 2021
  • teamseas.org/ #TeamSeas
    The Tragedy of the Commons is an economic idea made popular by the American ecologist Garrett Hardin, who used the analogy of ranchers grazing their animals on a common field. Individual ranchers will seek to add additional livestock, to increase their profits. The benefit of adding additional animals accrue to the rancher alone, while the costs are shared. The tragedy is that ultimately the field will be destroyed, due to overconsumption. This scenario is played out on a daily basis in numerous instances, having grave consequences for the world’s resources.
    In todays video we discuss the research of Lin Ostrom (the first woman to win The Nobel Prize in Economics). Ostrom - based upon her research - did not believe that the “tragedy” in such situations was inevitable. Her research showed that if the herders decided to cooperate with one another, monitoring each other’s use of the land and enforcing rules for managing it, they could avoid the tragedy.
    Todays video is associated with #TeamSeas - a group of CZcams content creators, lead by "Mister Beast" raising money to remove plastic waste from the ocean.
    Patrick's Books:
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Komentáře • 570

  • @PBoyle
    @PBoyle  Před 2 lety +55

    Thanks to our growing list of Patreon Sponsors and Channel Members for supporting the channel. www.patreon.com/PatrickBoyleOnFinance : Marc De Mesel, Annie Chen, Nate Stapleton,Timothy Baird, WIlam, Robertas, Hernan Merino, Random Encounter, Nieuwsbrief Ikwil, Bee Positive Consulting, hyunjung Kim, John Cadena, Ian Tracey, Callum McLean, Oscar, Simon Pena, Ed, Pavle Obradovic, Erik Van Ekelenburg, David O'Connor, Zak Patterson, Pjotr Bekkering, Alex, Robert W Proudfoot, pooh shmoo, Robert Muller, Andre Michel, Ivan Iliev, Gopaljee Atulya, Milan Tomic, Mark Hooker, Artem Vasenin, P H, Sebastian, Michal Lacko, Peter Bočan, Michael Pierce, V Jordan, Gil, HalfwitHam, Mark Brophy, Patrick T, David Urdenata, Juan Valdez, Bruce Roberts, Chad Norman, Bruce Roberts, Shamikh Rana, Friday Guy, Marc De Mesel, Augusto Ramos, Soy Boomer Doomer, Bob Slartabartfast, Robert Feiler, Camil Dbouk, Erik Montesinos, Matthew Loos, Az Indragiri, Aman Bali, Lautaro Parada, Pratap, Deborah Joseph, Robin Sung, Kurt Johnston, Dominik Auerbach, Gurmeet Kaushal, John Hall, Dara Mo, Josef Goergen, Wilbert Cheng, Daniel Talero, Cogitecture, Jaroslav Tupý, Trevor Lucey JB Weld, Alex, Sunny, Carlos Figuera, Peter Pomelov, Null065, Rick Thor, MeBerzerk, Henry Nguyen, Sola F, The Collier, Carlos Mejia, J Wadia, Bitcoin OG, easy boekhouding, Albert, Eugene Jung, Oisin Quinn, Daniel Cervini, Jonathon Yong, Iris Ji, Emil Nicolaie Perhinschi, Charles, Gerard Scott Eli Auto, Excks, Michael Li, Par Hedman, Praveen Mishra, Gerard Scott, joel köykkä, Areeb Ahmed, Luis Torres, Smith Vilcapoma, David Wang, Yazan Qaraqish, Rodolfo Cornetti, Daniel Winroth, johnny, Nick Jerrat, Chris Houston, Alastair Currie, Robert Griffin, Andrei, zizi Golo, Fab Vida, Constantin Petrenco, pawel irisik, NotAScam, James Halliday, 22 Dust, Carsten Baukrowitz, Heinrich, Arron T, Ben Brown, Brian Dennis, Stephen Mortimer (to The Moon), Ryan B. Hicks, B S, Liam, Logan Vrankovic, William Heaton, Paul McCourt, Andrzej Jasionowski, Daniel, Aaryan Koura, mikhail tyurin, Steven, Christopher Boersma, Dave Cooke, Ulf Lundblad, Cozy thang, Dorothy Watson, Greg Blake, Simon Bone, Livermores Quant, The Collier Report, Scott Gardner, The Man Koala, Brian McCullough, Spardasquad, Daniel S. Smith, Finance Student, Milton Danielsson, Tan Jin Da, Julie, Mohammad Rehman, James Wallace, Daniel Poellmann, Edosa Odigie, Dixon Yuen, joey smit, Josh Ge, Marek Novák, Charles Oosthuizen, Stamatis Drepaniotis Michael Smith, Etienne Cordonnier, Ahmed Hamadto, Chris Davey, Mike Farmwald, Kevin Davis, Michael A. Mayo, Lachezar Georgiev, Kamet Batra, Bradley Johnson, Sagar Gudi, Michael Chessar, Kate ATL, Tong Cheung, Lady Dje, James Barnes, Chris Hall, Kurt Johnston, ICBM Catcher Juan Valdes, KernelSC, Josh Garcia, Linn Engström, Veltsh, Konrad P-kala, Pastacat, Adam Vorting, Matthew McQuade, Christopher Lesner, freebird, Matt L, Kenneth WedMore Lund, erfective, Jason Young, Jonathan Kopnick, Peter Hendrickson, steel, MM420, Bastien, DJ Kash, Tom Willett, Chris Whitehead, Anil Jason, Hany Abdulsamad, JOJO, Jason Butterley, AS7, Greg Thatcher, John Simpson, Ezekiel Templin, Robert M Daily, MrLuigi1138 Grecia Bate, Leszek Frankowski, Nam Nguyen, fang, Goutham, Priam Pillai, Karim THIBAULT, C, David R. Ingemi, Robert Wave, Dmitri Alexeev, Aaron Rose, Ethan Hernandez, Brett Turley, Claude Chevroulet, Adrian, Stephan Marosvary, Yigit Yargili Louis Julien, Jan Lukas Kiermeyer, Gearoid O Connor, Chuck Muchmore, Fredrick Saupe, and Yoshinao Kumagai

    • @eoh6708
      @eoh6708 Před 2 lety +1

      This is a really important video. Thanks

  • @M4N1F3570R
    @M4N1F3570R Před 2 lety +149

    "Nice job Jimmy, but there's no need to shout."
    Patrick's deadpan humour gets me everytime.

  • @dreyo3654
    @dreyo3654 Před 2 lety +258

    And I said, “Nice job Jimmy, but there’s no need to shout …” 😂

  • @BadbitStudios
    @BadbitStudios Před 2 lety +85

    *wipes a tear*... ah man, you're my favorite.. dying laughing at the Mr.Beast segment.

  • @jimmorison1635
    @jimmorison1635 Před 2 lety +211

    The man is a desert he’s so dry, nicely done Patrick.

    • @muffemod
      @muffemod Před 2 lety +6

      s u p e r d r y

    • @fyt54321
      @fyt54321 Před 2 lety +8

      *deadpan*
      adj. deliberately impassive or expressionless.
      verb. say something amusing while affecting a serious manner.
      noun. Patrick Boyle.

  • @vitorschroederdosanjos6539
    @vitorschroederdosanjos6539 Před 2 lety +94

    "That isn't a crypto scam"
    Hahahahahahshh

    • @bertilhatt
      @bertilhatt Před 2 lety +1

      Was that a dig at how Team Trees ended up?

    • @MuantanamoMobile
      @MuantanamoMobile Před 2 lety +6

      @@bertilhatt No, it was a dig at many big CZcamsrs starting or taking part in crypto scams.

  • @cvb5092
    @cvb5092 Před 2 lety +64

    The university where I studied (Radboud in Nijmegen, Netherlands) named one of the faculty buildings after Ostrom, great choice since her insights are a true inspiration for the new generation of students!

    • @mobileandroid5299
      @mobileandroid5299 Před 2 lety

      Sure, but stop the Sinterklaas racism and the "belastingdienst toeslagaffaire" and putting children of color out on the streets with fake tax audits and penalties!

    • @cvb5092
      @cvb5092 Před 2 lety

      @@mobileandroid5299 fyi, the greatest criticism to those aspects coms precisely from the students from that faculty…

  • @mytimebox1
    @mytimebox1 Před 2 lety +86

    OMG, Patrick Boyle is so f’ing savage. Patrick Boyle + Jimmy Beast + hoodie = a better planet. Count me in!!

  • @N1njaSnake
    @N1njaSnake Před 2 lety +35

    Patrick just did a "No, this is Patrick" to MrBeast 😂

  • @yourcheapdate4564
    @yourcheapdate4564 Před 2 lety +46

    OMG, Patrick, you are killing me! The gift of dry humor!

    • @N1njaSnake
      @N1njaSnake Před 2 lety +1

      He needs to start a comedy channel, seriously.

  • @David.Marquez
    @David.Marquez Před 2 lety +49

    This is such a ridiculously good video thanks for your humour Patrick

  • @craigkdillon
    @craigkdillon Před 2 lety +20

    If Hardin is correct, then I need to own some atmosphere, and a part of Lake Michigan, to ensure I have air to breathe and water to drink.
    That is absurd.
    There are things that we MUST share and use communally.
    The ocean is one another.
    The planet Earth is our ultimate Commons.
    If we don't come together and develop rules to govern our common global behavior,
    then the "Tragedy of the Commons"
    will be the fate of the Earth.

  • @m.syamil_KR4PU
    @m.syamil_KR4PU Před 2 lety +9

    "jimmy beast", I laugh so hard hahah

  • @jdrancho1864
    @jdrancho1864 Před 2 lety +18

    "Escape from Academia" - that's bad. We all need to be more careful about leaving that particular gate closed and locked at all times. Once any of it gets out, there is no telling what havoc it will wreak.

    • @JamecBond
      @JamecBond Před 2 lety

      Modern academia has become a cancer on society

  • @davidjma7226
    @davidjma7226 Před 2 lety +9

    I worked in agribusinesses in the bush in Australia for ten years. I found that most family farmers want to secure the viability of the farm for generations to come. They are also keen greenies - in their own way - Landcare is a good example. And we were a bank too. The best way to manage risk in agriculture is to do it locally - not from Pitt Street Sydney or from Melbourne.

  • @Invictus_Mithra
    @Invictus_Mithra Před 2 lety +42

    I remember only hearing one perspective of the tragedy of the commons in a political science course I took. It was really refreshing to hear that there is more to the issue than just top down oversight.

    • @silviupreoteasa2318
      @silviupreoteasa2318 Před 2 lety

      check the incredible damage done to efforts to fight the pandemic by imposing a central, top-down solution and mismanaging the vaccine deployment - handy present day tragedy of the commons example

  • @giuseppebasile2012
    @giuseppebasile2012 Před 2 lety +33

    Hey Patrick this is one the best, interesting and most inspiring videos I've ever seen on CZcams. You are great public servant! Congratulations! Thank you.

  • @Walq
    @Walq Před 2 lety +32

    This was an amazing way to introduce the project! Creative and very "you" hahaha , keep it up!

  • @Floweaver
    @Floweaver Před 2 lety +2

    On a serious note another thing to look at is using the washed up seeweed as a natural fertaliser for local community gardens. If it is not overly contaninated with plastics. It was a very common practise in Connemara. I met an elderly gent in Spiddal and he was saying back in his day there would be no high tide line of Seaweed as it was all taken to fertalise the land.

    • @stevendefehr4393
      @stevendefehr4393 Před 2 lety

      Hi
      To the best of my knowledge….
      That sounds good in theory but where I live in Canada you cannot remove washed up seaweed from any beach without taking out a permit/license from the local government.
      Cheers
      L.G.B

    • @Floweaver
      @Floweaver Před 2 lety

      @@stevendefehr4393 There are alway local issues for sure. In Ireland you need a licence to harvest the seaweed but the tideline washed up seaweed is a natural biomass and free to take away. (Don't quote me on that it may have changed.) I know we took some in a youth project I worked on and we supplied the Local Community Garden. The local council supplied Black bags and litter pickers and picked up all teh rubbish from a designated point. All worked quiet easily and everyone was onboard. That was a few years ago. I remember the kids complaining about the smell of the seaweed as we were forking it into the trailer. Worked great and would make a great Gorilla Gardening project . If the intention is right the local councils should be onboard.

  • @mbbxx
    @mbbxx Před 2 lety +6

    Many of the channels that I subscribed to are endorsing #TeamSeas, but Patrick is the one who convinced me to donate

  • @martincollins6632
    @martincollins6632 Před 2 lety +2

    Mate - this is an awesome video. Loved it!!! Your comic genius is also much appreciated on top of a very well put together 10 minute lecture!

  • @99alita
    @99alita Před 2 lety +6

    Another great content from Patrick. In my opinion, a perfect blend of knowledge and entertainment. Thank you kindly! 😁👍

  • @BasteG0d69
    @BasteG0d69 Před 2 lety +1

    I love your videos. They're funny and also so insanely educational. Thank you for putting in the hard work for making them and hope you keep up the great work!

  • @Confucius_Says...
    @Confucius_Says... Před 2 lety +6

    Professor Boyle... This is your finest video by far... 👏👏👏

  • @daniellee8720
    @daniellee8720 Před 2 lety +5

    Excellent topic and immaculately presented. Thanks

  • @allenbythesea
    @allenbythesea Před 2 lety +2

    I really liked how you tied in the theory in with the action explaining how this is important. Well done!

  • @henanigans
    @henanigans Před 2 lety +6

    11:40 - Plants Vs. Zombies game music in a Patrick Boyle video. What a time to be alive.

  • @jonparsons6818
    @jonparsons6818 Před 2 lety +8

    Excellent explanation of why something I thought was fact was only a partial model.

  • @chocolateteapot697
    @chocolateteapot697 Před 2 lety +3

    I learn every day watching this channel with a free chuckle, brilliant mate cheers for what you do!

  • @baldajane
    @baldajane Před 2 lety +2

    Your delivery is excellent!

  • @michaelbraun9750
    @michaelbraun9750 Před 2 lety +2

    "... And then he brought up that Ireland's most respected youtuber, Nico, is going to dye his hair green for the day. And I said, look Jimmy Beast, I get it, you haven't watched my videos."
    Patrick, your sense humor is so dry and refreshing. Keep it up! (no shouting intended)

  • @kineahora8736
    @kineahora8736 Před 2 lety +1

    Patrick, I am routinely entertained by your dry and witty videos! And so I just subscribed.

  • @WaffleCouncil
    @WaffleCouncil Před 2 lety +2

    Fantastic episode as always professor!

  • @jdproctor
    @jdproctor Před 2 lety +4

    Meeting Ostrom was one of the highlights of my graduate school experience.

  • @reachingtheapex302
    @reachingtheapex302 Před 2 lety +1

    I wish I could like this video 10x over. Thank you for your contributions to the world Patrick.

  • @timothygerke6982
    @timothygerke6982 Před 2 lety +1

    Fascinating. Thank you for sharing, Patrick!

  • @lukemckee9772
    @lukemckee9772 Před 2 lety +1

    Thanks for the great message! Really brought it together at the end

  • @TheFeintOfHearts
    @TheFeintOfHearts Před 2 lety +25

    Government: "Hey you should--"
    People: "No thanks, we do it better without you."

    • @Kannot2023
      @Kannot2023 Před 2 lety +2

      Tell this to Libyans and afghans. In '90 government collapsed in Soviet Union, and Eastern Europe. What we had? Mafia. Lybia, Afghanistan have failed governments, what they have now? Civil war

    • @Ray-tx2ls
      @Ray-tx2ls Před 2 lety +4

      @@Kannot2023 A failed government is different from a government that is in good order, but allows a great deal of individual freedom.

    • @xrunner55
      @xrunner55 Před 2 lety +1

      @@Kannot2023 that because you all decided ghadafi had to go after a rocket hit an oil refinery. And he wanted trade oil in something other than dollars.

    • @mobileandroid5299
      @mobileandroid5299 Před 2 lety +2

      @@Kannot2023 - Government shill detected

    • @georgeholloway3981
      @georgeholloway3981 Před 2 lety

      How's that "we do it better without you" going then? Doesn't seem to be going too well.

  • @GaryARahn
    @GaryARahn Před 2 lety +1

    Several great points were brought up in this video. Thanks!

  • @om5335
    @om5335 Před 2 lety +2

    Great channel direct, informative , helpful and funny

  • @anderson6379
    @anderson6379 Před 2 lety +1

    Brilliant! Pls keep these coming. Let us sponge the knowledge

  • @danielschein6845
    @danielschein6845 Před 2 lety +107

    "...working together to raise money for something other than a crypto scam..."
    Just before you said that, your video was interrupted by a commercial for a crypto scam 🤣.

    • @Travie68
      @Travie68 Před 2 lety +2

      Lemme guesz, solana?😂 been 2 weeks straight that i see their ads ffs

    • @SergioLopez-ok5he
      @SergioLopez-ok5he Před 2 lety +4

      @@Travie68 Don’t you wanna learn how to make a 7 figure salary in less than a year. No experience, no money, or credit. Btw Do you have money or credit to get started? Lol

    • @Nekrumorfiini1
      @Nekrumorfiini1 Před 2 lety

      @@Travie68 lmao, I was beginning to think nobody knew these shitcoins were a scam.

  • @LogainLbue
    @LogainLbue Před 2 lety +1

    In 6 years of Vet school and another 3 years of Ph.D. in sustainable livestock husbandry I only had 12 hours of "official" economics lessons, never mind complex structures and solutions. It took me to launch my own startup to dive into the matter, and it still shocks me how related (and underrated) the subjects are.

  • @desislavpetrov3780
    @desislavpetrov3780 Před 2 lety

    Brilliant! Just, Brilliant!
    I can't remember, was it Tom Nash, or Coffeedzilla who brought me to your channel(and finding out that you exist), but boy, am I happy about it.

  • @rrocktoo
    @rrocktoo Před 2 lety +1

    A great message, and a humorous delivery, from gent who always talks sense.

  • @sjalexandernz
    @sjalexandernz Před 2 lety +1

    Its good to see you giving back by helping an up and coming youtuber find success as well. Good luck to this young Mr Beast on his journey.

  • @marcosney4116
    @marcosney4116 Před 2 lety +7

    Great lesson Patrick, thank you. Nice way to use economic theory to explain a real world problem.
    I understand that the problem here is the proposed problem solving method itself and not the polution.
    Looking t the broader picture is not trivial.

  • @johnbuckley1533
    @johnbuckley1533 Před 2 lety +1

    What a great explanation of what appears to be an overwhelming situation. Nice one.

  • @a.c.bonneville189
    @a.c.bonneville189 Před 2 lety

    great video, your quality has really improved!

  • @shawsmith9580
    @shawsmith9580 Před 2 lety

    The set up and transition was fantastic. Well done.

  • @dietisnotdifficult3305
    @dietisnotdifficult3305 Před 2 lety +1

    It is so nice to listen to someone intelligent. Many thanks Mr Boyle.

  • @SchmozzleGTO
    @SchmozzleGTO Před 2 lety +5

    30% expectation you'd splice a shot of you in the hoodie... 100% impressed... Best channel on CZcams for a growing number of reasons. Love your work.

    • @DrTune
      @DrTune Před 2 lety +1

      It'd have to be photoshopped - Patrick was born in a suit

  • @pauljones9150
    @pauljones9150 Před 2 lety +1

    Amazing video. Love the humor

  • @riversidechoosinglivingove414

    very good information and an even more wonderfully ambitious project

  • @user-hq4se6ee5z
    @user-hq4se6ee5z Před 2 lety +3

    Patrick talking about Hardin & Ostrom?! I'm here!! 🏃‍♀️

  • @MrBloonbloon
    @MrBloonbloon Před 2 lety +3

    What about reducing the plastic creation in the first place?
    Also what do they do with the plastic once recovered?

  • @mohammadnafisi4249
    @mohammadnafisi4249 Před 2 lety

    Outstanding video. Thank you Patrick!

  • @ajrobbins368
    @ajrobbins368 Před 2 lety +4

    I just learned about the literature of Hardin & Ostrom this fall semester during my studies at university. Thanks for providing so much relevent data in this video.

    • @silviupreoteasa2318
      @silviupreoteasa2318 Před 2 lety

      there's a reference to Garrett Hardin in Asimov's Foundation series (Apple TV is making some effort to serialize it atm) his work created a bit of stir at the time of publishing

  • @2008TheNemesis
    @2008TheNemesis Před 2 lety

    The delivery is so deadpan... I love it. Keep churning them out Mr Boyle

  • @edelachtbare100
    @edelachtbare100 Před rokem

    Always great videos!

  • @JessieOpportunityCostInvesting

    Absolutely brilliant. Well done

  • @Ciborium
    @Ciborium Před 2 lety +6

    Sure, I'll contribute to Jimmy Beast's cause just to see Patrick in a Mister Beast hoodie. Not happy that that weasel Mat Pat is involved, but seeing Patrick in a Mister Beast hoodie is important, dammit.

    • @greed864
      @greed864 Před 2 lety

      Why is mat pat a weasel? Im not caught up.

  • @rd9102
    @rd9102 Před 2 lety +1

    Fantastic video, i like the combination of education on top of education with some good old conservation and environmentalism on a practical level thrown in...very nice done Mr. Boyle.

  • @repentuklondonwatchman1373

    GOD BLESS YOU BROTHER PATRICK. YOU'RE DOING GOD'S WORK ON EARTH. THANK YOU.

  • @ethalin
    @ethalin Před 2 lety +32

    I would love to here your thoughts about inflation and how it will play in the years to come. Thank you for keeping up quality videos with your comedy 🤩

    • @thomas316
      @thomas316 Před 2 lety +1

      He did an interview with someone last year talking about why demographic trends would likely increase inflation.

  • @deanpenn5645
    @deanpenn5645 Před 2 lety +1

    You are awesome, Patrick. Thank you for raising this issue! I'm heading over to TeamSeas to see how I can help.

  • @kristiannelson1851
    @kristiannelson1851 Před 2 lety +1

    WOW! Easily the best video you've ever done! And you always create great content. Intro'ing with great research and history, to tie that into an INCREDIBLE example of what community can accomplish today. Had me pumping my fist in the air as if Arsenio Hall was in the room (youtubers might be too young to get the reference😁)

  • @wingzero8986
    @wingzero8986 Před 2 lety +1

    sometimes I watch these videos not for the content but for the deadpan banter Patrick is so godly at.

  • @jmac430
    @jmac430 Před 2 lety

    Dude, I freakin love you, the good looks/fine threads, along w the incredible ability to speak/ present info are just a drop in the bucket compared to not only the awesome topics, which are informative as hell btw, but the subtle genius you possess and often portray thru the most hilarious sarcastic remarks on top of it all?? What's not to love?!?
    Mad respect to PB on F - the man!
    Keep it up! Love it!
    - Jesse

  • @sid2961
    @sid2961 Před 2 lety +1

    Love Patrick’s humour. We want you in the hoodie PATRICK! So glad I watched this video. :D

  • @alexkrainer302
    @alexkrainer302 Před 2 lety +2

    Thank you - this was a quality post!

  • @225cadaveres
    @225cadaveres Před 2 lety +3

    I know I would be dead the day I see you wearing a hoodie.
    I liked the topic of today, never heard of it before. I agree with the final tought: solution for big problems must come from all sides, not just from top to bottom.

  • @mynameisntpatrick1476
    @mynameisntpatrick1476 Před 2 lety +13

    "Tragedy of the Commons"
    Patrick: 😀

  • @Kevin_Street
    @Kevin_Street Před 2 lety +5

    Thank you for another great video! This does relate to economics, so it seems quite on-brand for your channel.
    I've used the phrase "The Tragedy of The Commons," but until now I'd never heard of Garrett Hardin, much less Lin Ostrom. But it sounds like Ostrom's research could be extremely helpful for us today. Maybe she should be much better known, along with her conclusions.
    It seems we're going about fixing the planet in a messy, every direction at once fashion, with top-down legislation and bottom-up initiatives happening simultaneously. What really interests me (at this moment sitting in front of the computer) is why so many people who utterly rely upon the environment _haven't_ been cooperating with each other and self-regulating like Ostrom says they should.
    Maybe it's because until now all the people who use the ocean or the atmosphere or the forests haven't thought of themselves as a community. In her early research on the Las Angeles watershed, the people she was studying really did live next to each other, and they made decisions about water use that had immediate observable impact on their neighbors. Maybe that's why they managed to work out a compromise that didn't overextend the resource.
    When someone throws a piece of trash in the ocean, they're not thinking of the ocean as a shared resource. They're thinking of it as an infinite sink, and their little contribution seems so small it just disappears. There's no thought that their specific bit of trash might get swallowed by a turtle or wash up on a beach thousands of miles away. The turtles and the people who live on distant islands don't feel like members of our community, they feel like inhabitants of other worlds.
    Maybe it's that sense of the environment as an infinite sink, and the belief that people in different nations have competing and not shared interests that has stopped us from working together and making bottom-up rules. Until now, that is.

  • @post_eternity
    @post_eternity Před 2 lety +3

    Great ideas, full of optimism, love from Nigeria

  • @inferno0020
    @inferno0020 Před rokem

    another great video. thank you.

  • @arthurmclean4266
    @arthurmclean4266 Před 2 lety

    Awesome initiative and great explanation of common pool resources and how they can be better managed. Although a bit out there for your channel perhaps, I'd be interested to know your thoughts on the ideas presented in the book 'Doughnut Economics' (or maybe it's Donut). Thank you

  • @matthewmalley9844
    @matthewmalley9844 Před 2 lety

    Your videos are fantastic👍🏼

  • @guidogoeltzer3039
    @guidogoeltzer3039 Před 2 lety +5

    Patrick, could you do more of this kind of content. You have a high believability in my books (and I guess in many others).

  • @DieselPowerLifter
    @DieselPowerLifter Před 2 lety +2

    Amazingly story telling abilities

  • @Youbetternowatchthis
    @Youbetternowatchthis Před 2 lety

    This channel is getting better every day. 👍

  • @roopt25
    @roopt25 Před 2 lety +2

    I remember reading this in Undergrad Econ and the analogy stuck in my mind.

  • @freesk8
    @freesk8 Před 2 lety +16

    Wow, this is good! I have been thinking about the tragedy of the commons since college in the 1980's. As a Libertarian, I tend to favor privatization, but I love the perspective of grass-roots rules and social cooperation to solve these problems! Thanks!

    • @dudertino51
      @dudertino51 Před 2 lety +2

      Privatization? Can you explain how it relates to this situation with the commons? Are you expecting someone like Bezos to work out how to monetize cleaning up the oceans?

    • @freesk8
      @freesk8 Před 2 lety

      @@dudertino51 I imagine selling fishing rights in each 1mile by 1 mile square of the ocean. Each square would have a fluctuating market price, based on its productivity. The owner of those rights would have an incentive to preserve the ability of the square to produce fish. This owner would prevent over-fishing and start lawsuits against those who pollute it. Many of these fishing rights would be owned by boat owner-operators. Some would be owned by big corps. And there is nothing wrong with an environmental org buying up as many of these as they can and then not fishing them... By bet is that this would produce a cleaner ocean, with sustainable fishing, than could UN or national ownership of the oceans.

    • @uxpjsxu
      @uxpjsxu Před 2 lety

      @@freesk8 it seems to me you have too much faith in the human race. What you describe is really not that far off govt regulated. You even talk about legal recourse. Who runs these courts?

    • @freesk8
      @freesk8 Před 2 lety +1

      @@uxpjsxu The only three government functions I advocate are police, courts and national defense. They should be funded by voluntary contributions and user fees. In the case of adjudicating a fishing rights claim, these will be private contracts, so the court should require a fee for resolving the case. The parties will also be free to enter in to private arbitration.

    • @ekananda9591
      @ekananda9591 Před 2 lety

      Sorry, I am not English native speaker. Even though I am leaning towards libertarian sides, there are many things that's still debatable. Should copyright and patent exist at all? Should companies that use plastic in their products be taxed higher rates? Should we abolish tobacco excise? Should we charged all people that use road?

  • @galactyx1
    @galactyx1 Před 2 lety

    Comedy genius! I always make your videos a viewing priority. Appreciate your ability to condense complex topics into manageable meals ✅

  • @idw9159
    @idw9159 Před 2 lety +1

    thanks patrick; agree with all you have said and excited that youtubers can work together for the common good which is surely a positive and important thing; meanwhile i am trying to understand why 34 people actively dislike this video

  • @FLPLASTICSURG1
    @FLPLASTICSURG1 Před 2 lety +3

    As always, insightful and well articulated. Dr. Ostrom was a Professor at Indiana University, not the University of Indiana. Go Hoosiers!

  • @brickbastardly
    @brickbastardly Před 2 lety +2

    I am glad someone called out Mr.Beast on his channel miss-branding.

  • @ControlTheGuh
    @ControlTheGuh Před 2 lety +2

    And here we are. 40 years later. Cali in a water shortage and an almond farm controlled by one family uses more water than every LA citizen combined

  • @vibinpenguin7021
    @vibinpenguin7021 Před 2 lety

    was not expecting you to join in the TeamSeas stuff, i am glad you did despite it being "off-brand"! :D

  • @Nuggets_Of_Dino
    @Nuggets_Of_Dino Před 2 lety +2

    That Jimmy Beast guy seems okay, glad you decided to team up. Tragedy of Commons had got me thinking top down approach is what Facebook seems to be doing with its rebrand, meanwhile there are dozens of vibrant metaverse communities already out there growing on Discords and Telegrams collaborating to tackle the sustainability of their own ecosystems. Looking forward to seeing how it all plays out

  • @Cadllmn123
    @Cadllmn123 Před 2 lety +4

    This Mr. Jimothy Beast, seems like they have potential to be an upstanding citizen.

  • @Kannot2023
    @Kannot2023 Před 2 lety +3

    Another solution to original shepherds and pastures: shepherds are fighting each other killing theirs cows. Herds are reduced, pastures are regenerated

  • @markegan8784
    @markegan8784 Před 2 lety +2

    Excellent video

  • @samer229
    @samer229 Před 2 lety

    Contribution done. Nice one Patrick.

  • @vothry
    @vothry Před 2 lety +1

    Wonderful jacket. The texture and color are striking.

  • @sujitwarrier4857
    @sujitwarrier4857 Před 2 lety +1

    What an amazing video. I wish I had 10% of the wit and knowledge Patrick has.

  • @danieldeburgh8437
    @danieldeburgh8437 Před rokem +1

    Bit late, but fantastic video!

  • @siegfriedrottensteiner2395

    I have to disagree on that one and I think you fall in the exact opposite trap. Small and nimble solutions work well with problems when the directly affected area is also small and well defined, especially if it's small enough that the human actors have personal relationships with each other, but the atmosphere and the oceans are a truly global common area problem that needs global solutions. I am sorry but this tiny affords are not going to save us. In fact those feelgood efforts will be abused by those that make billions by using the air and water as free trash dump. This is plastic "recycling" (They just burn it and call it "thermal recycling") all over again. A huge scam pulled by the industry in order to remove responsibility and the threat of actually biting regulation that would actually reduce pollution from themself and put it on the shoulder of the general consumer knowing very well that the outcome will be that nothing will be done.

  • @FFA704
    @FFA704 Před 2 lety +1

    very timely video

  • @Boredblacksheep
    @Boredblacksheep Před rokem

    I loved this video ❤