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#Externality

Tragedy of the Commons

The tragedy of the commons is the tale of well-intentioned individuals each believing that if everyone uses a shared resource sparingly, it will endure—yet each secretly takes just a bit more, leading to collective ruin. It reveals the splendid paradox where the pursuit of personal gain undermines the group's survival. While everyone proclaims responsibility, they race to exercise their 'right to use first,' turning cooperation into clandestine conflict. It is the ironic drama of self-destruction that unfolds whenever human solidarity is celebrated.

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