09-02-2007, 11:51 PM
Quote:The tragedy of the commons is when a resource (like the eponymous commons, public land in England prior to the Enclosures Acts) is free and publicly available, but expendable through overuse.
Not overuse, so much, then, but rather the "Closing my gates will benefit me, at the expense of others (As money can still flow in, but not flow out), but if everyone else closes their gates, then we'll all lose" problem of closed economies.