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Lumifer comments on Ways to improve LessWrong - Less Wrong Discussion

5 Post author: adamzerner 14 September 2014 02:25AM

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Comment author: Lumifer 17 September 2014 05:41:53PM *  1 point [-]

The basic idea of dealing with issues of the tragedy of the commons is to come to a common agreement and then enforce that agreement by punishing people who violate it.

That's one way. Another usual and frequently successful way is to introduce property rights.

Comment author: ChristianKl 17 September 2014 06:26:26PM -2 points [-]

It's not another way it's an example of the same way. Property rights are a common agreement. Certain individuals own certain things. If an individual violates that agreement about who owns what, they get punished.

For environmental pollution the system is cap-and-trade.

As far as big pharma goes patents are also a crucial part of the system.