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Tragedy of the Commons

Learn how the tragedy of the commons contributes to plastic pollution and explore solutions in this 4:52 minute video lesson. The tragedy of the commons is a situation in which individuals acting in their own self-interest behave contrary to the common good of all others by depleting or spoiling a shared resource through their collective action. The phenomenon was first described by the British economist William Forster Lloyd in 1833. Lloyd observed that because grazing on the commons (fields that were open to anyone) was free, the land was spoiled, which diminished the value of the fields for everyone. Can you think of a free resource that’s possibly subject to the same tragedy? Sharks might! SUPPORT us to discover more econ concepts!   / sprouts   🐦: DOWNLOAD video without ads and background music 🤫: https://sproutsschools.com/video-less... SIGN UP to our mailing list and never miss a new video from us 🔔: http://eepurl.com/dNU4BQ SOURCES and teaching resources 🎓: https://sproutsschools.com/tragedy-of... CONTRIBUTE by upvoting your favorite topic or suggesting new ones : https://sprouts.featureupvote.com/ THANKS to our patrons This video was made with the support of our Patrons: Adam G, Badrah, Andrea Basilio Rava, Angela, Bettina Kind, Brilliant Minds Learning, Broke, Cedric Wang, Daniel Kramer, David Markham, Denis Kraus, Digital INnov8ors, Don Bone, Enrique Arellano Farias, Esther Chiang, Eva Marie Koblin, Gatsby Dkdc, Ginger, Hal Beltran, Ich kann Deutsch und es war einfach, Jannes Croon, Jeffrey Cassianna, Joanne Doyle, Johan Klassen, John Zhang, Jonathan Schwarz, Judy Roland, kritik bhimani, Liskaya, Marcel, Margaret Grace, Maria, Marq Short, Mathis Nu, Mezes.Macko, Muhammad Humayun, Nancy Bueffler, Okan Elibol, Peter Bishop, Petra, Raman Srivastava, Raymond Fujioka, Reynir Örn Bachmann Guðmundsson, Robert Cook, Scripz, Shao Xiang, Sergei Kukhariev, Si, Susan Schuster, Stephen Clark, Stephen, Tetiana Gerasymova, Tristan Scifo, Tsungren Yang, Victor Paweletz, Vishruth Harithsa, Wolfgang Vullhorst and all the others. Thank you! To join them visit www.patreon.com/sprouts COLLABORATORS Script: Jonas Koblin Artist: Pascal Gaggelli Voice: Mithril Coloring: Nalin Editing: Peera Lertsukittipongsa Head of Partnership Program: Selina Bador Production: Morgan Lizop, Bianka Proofreading: Susan Sound Design: Miguel Ojeda Classroom exercise: Morgan Lizop SOUNDTRACKS Toys Are Alive - Studio Le Bus Terror Avenue - Jack Pierce On http://sproutsschools.com, you will also find: Links to all our sources Ideas for a classroom projects for each video The full script, core graphics and additional resources The video without background music (good for divergent minds) Chapter 00:00 Introduction 00:47 Tragedy of the Commons theory 01:31 Social Norms 02:01 Privatization 02:33 State Regulation 03:50 What do you think? 04:15 Ending