Tuesday, December 12, 2017

Tragedy of the Commons

The term “Commonwealth of Australia” should mean something – it is not just a title – the wealth (in this case derived from its inherent resources) is – or should be – a common wealth for all. 

The metaphor, “tragedy of the commons,” lends emphasis to the argument that free access and uncontrolled demand for any particular finite resource (the “commons”), will diminish that resource, either temporarily or permanently, through over-exploitation. More pertinently it refers to situations in which individuals (or a groups of like minded people), acting to meet their own short term interests make choices that are detrimental to society as a whole.  This occurs because the benefits of exploitation always accrue to individuals or groups, each of whom is motivated to maximize use of the resource to the point in which they become reliant on it, while the costs of the exploitation are borne by all those to whom the resource is available – in this case the citizens of Australia.
(Adapted from the original article “Tragedy of the Commons”, by Garrett Hardin, Science, 1968).

When money is considered pre-eminent and more important than people, we have a real problem. It must be remembered, at all times, that money and commercial enterprise are tools for the benefit of Man (as in human beings) and not Man as pieces on some economic game board to be moved at will for the benefit of money and commercial enterprise.

It is time that “big” miners and the other players in the resources industry were reminded that what they are exploiting is the “commons” of all Australians (including resident shareholders) that does not “belong” to any one company. When the resources are exhausted, as they will be, what will the “commons” consist of – a pock marked Luna landscape no use to anyone? Who will pay the rectification costs? We, the citizens of Australia, will be called upon – once again – to bear that burden and we will all be doubly impoverished with a degraded environment and higher taxes to pay for it (Adani’s proposed coal mine? All opencast mining?).

This is the “tragedy of the commons” and why I, personally, support and always have supported, some form of payment by the “resources industry” to redress the environmental degradation they cause. I know that a “mining tax” is way off the radar of all politicians at present but I firmly believe that the chickens will come home to roost – somewhere. It is essential, as I understand it, for the long-term benefit and the “common wealth” of the citizens of this country that this “tragedy of the commons”, this untenable situation, be addressed, and soon. 

Because I live here I have chosen to use Australia as an example - but this would apply to any country.



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