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#67 – Guive Assadi on Whether Humanity Will Choose Its Future
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Solutions to Collective Action Problems: Property Rights vs. Use Regulations
Garrett Hardin suggests two ways to avoid collective action problems: signing property rights enforced by an external entity with monopoly on force, or publicly enforced use regulations not based on property./nThe options of signing property rights and publicly enforced use regulations have in common the involvement of an external force./nEleanor Ostrom proposes looking at examples of successful resolution of collective action problems without relying on external force./nExamples in Japan and Switzerland demonstrate long-lasting and successful regulation without the need for police power of the state./nThe fishing village in Turkey, Melania, used a simple and easily enforceable system to prevent overfishing, showcasing a successful self-regulation approach./nThe success of self-regulation in Melania offers possibilities for addressing important issues such as territorial disputes, technological developments, and environmental damage in the future.
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