The tragedy of the commons is a concept that describes the depletion or degradation of shared resources that are not owned or managed by any individual or group. It occurs when multiple individuals, each pursuing their own ends, overuse or exploit a shared resource to the point of depletion, resulting in harm to all users of that resource in the long run.
Saving a species from extinction is a daunting and important task. On many occasions, legislation designed to protect endangered species can be both inefficient and ineffective. Protecting the environment has the same problems – no matter how well-intentioned environmental protection laws are, unintended consequences often make bad situations worse, exacerbating pollution and environmental waste. Can […]
In 2012, we released a video answering the question, “Why is there corn in your Coke?” Now, Jared Meyer sat down with Robert Bryce, an energy policy expert at the Manhattan Institute, to answer the question, “Why is there corn in your car?” The corn in your car—or rather, the corn you put into your […]
Milton the rancher lives downriver from a large chemical factory. In the past month, the chemical factory has been disposing of chemical waste in the river, which has flowed downstream and poisoned Milton’s cattle. Milton is also a libertarian-minded person and prefers to keep government out of his life and out of the lives of […]