We once discussed the dilemma known as the tragedy of the commons (MM 6/11/18 Tragedy Of The Commons), a concept so straightforward as to be almost self-evident i.e. it refers to the exploitation of any limited resource by individual parties in furtherance of maximizing their individual self-interests which collectively serves to deplete or even exhaust said resource to the detriment of all.
The most basic illustration of the phenomenon is to imagine a pond with a finite number of fish from which a number of fishermen each seeks to maximize their respective catches. The tragedy comes with the inevitable exhaustion of the fish stock as it ultimately destroys the resource for all (the commons). Replace fish in a pond with most other finite resources and the concept holds e.g. overgrazing, deforestation, traffic congestion, air and water pollution.
And, as our focus piece suggests, another resource ripe for such tragedy is the pool of human creativity (click: In The Age of AI We Must Protect Human Creativity As A Natural Resource)…
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