Sustainable earth: Nobel laureate, Elinor Ostrom, on how can we manage common-pool resources

How can the common resources we all share be managed sustainably for the good of our planet and the future? Elinor Ostrom, Nobel laureate in Economic Sciences, talks about managing "common pool" resources (CPRs), like forests or fisheries, given that one person's use means less is available for the use of others: "if I take out a ton a fish, that ton of fish is not available to other fishermen". For Ms Ostrom, when people come together to create common property regimes, this can be successful, particularly for the local level. She encourages new multilevel thinking, but is not optimistic about current environmental approaches.
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Edited: 19/02/2021

[@gurumakaza4670]

Praise the almighty Prof Ostrom🎉🎉🎉🎉

[@FirehorseCreative]

AMEN as regards the failure of our current theories of sustainable resource management failing miserably. Species who do not adjust and adapt to such challenges as we currently face, tend not to survive or at the very least, endure significant losses and lowered levels of quality of life.

[@molugalma2557]

Common resources are exemplified by pasture and water in the pastoralists drylands of Eastern Africa whose management is institutionalized. Traditionally, the vagaries of the natural environment are overcome through access to and management of communal rangelands, the mobility of livestock, strengthened customary resource regulation institutions and traditional social security networks. Recent studies have shown sedentarisation, encroachment of pastoral rangeland for alternative use and weakened traditional institutions have reduced pastoral resource base and increased poverty among the pastoralists. Pastoralism as a system of production have not benefited from the process and outcome of policy development. Studies need to be carried out to address pastoralists challenges by building on their indigenous knowledge and integrating it into the mainstream range science and strengthening traditional resource management institutions.

[@323raky]

Sometimes we need Government intervention and Privatization as Consumers and Firms can get really greedy, everyone is in it for their own interest and don't care sometimes regardless to how anyone else is affected

[@323raky]

@sheparddog117 if only everyone had thought like that then yes, however in the real world and especially in our current economy its all about me and how i can benefit from resources thats available.

[@323raky]

@sheparddog117 haha economic theories work yes but what we need to understand we are not in the times of Adam smith etc... for these policies to be implemented, i.e COVID-19 its pretty evident thats everyone thinks about themselves. If they didnt there wouldnt have been shortages for goods as we all have experienced

[@tuckerbugeater]

@@323raky Yeah, a once in hundred year pandemic completely destroys the world order. Fauci created Covid to destroy the old world order. But people are too dumb to look at the publicly available science papers proving he funded the creation of Covid. LOL