The Tragedy of the Commons Explained in One Minute
Economy | Information | History | Online | Facts | World | Global | Money
This concept, that William Forster Lloyd wrote about back in 1833, tells us a lot about... well, about ourselves. Watch this video and then think about some of the various situations in which humans only cared about their short-term self-interest throughout history. The tragedy of the commons tells us that such situations (in which we focus exclusively on our self-interest and refuse to see the bigger picture) can have devastating effects for society as a whole. Please like, comment and subscribe if you found the video interesting. And to support the channel, please visit OneMinuteEconomics.com and give me a minute (see what I did there?) of your time by reading my message.
Comments
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I absolutely love your work. It can be difficult to have a short praxeological discussion and have your listener understand. You've given me multiple videos I can send others to help them understand exactly what we're discussing.
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You deserve more subs.
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So freaking great. I wish economics was taught like this when I learned it !
I'm curious what software you use to make these animations, and how long you spend making them?
Must be tiring, but just know that we appreciate it. Subscribed!
1m 29sLenght
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