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ONLiNE UPSC
The tragedy of the commons is an economic principle that illustrates how individual users of a shared and limited resource often act in their self-interest, ultimately leading to the depletion and degradation of that resource. This concept was first popularized by economist Garrett Hardin in 1968 and has been widely recognized in environmental science.
There are several pertinent examples where this principle is evident:
Elinor Ostrom, a Nobel Prize-winning economist, challenged the notion that the tragedy is inevitable. Her research demonstrated that communities could effectively manage common resources through collective agreements and rules. Ostrom highlighted the importance of local governance and community norms in preventing resource depletion.
Low Earth Orbit (LEO) is becoming increasingly congested with satellites and debris, which poses risks of collisions and the creation of additional space junk. This situation mirrors the tragedy of the commons, as unchecked use of this orbital space could lead to unsustainable conditions.
By drawing lessons from environmental governance on Earth, spacefaring nations and private entities can create effective frameworks to manage the orbital commons, ensuring sustainability for future generations.
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